The global Child Education Insurance market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.

Child education insurance, also known as child education plans or child insurance policies, is a type of life insurance product designed to provide financial support for a child's education expenses in the future. These insurance plans are specifically aimed at parents or guardians who want to secure funds to cover educational costs, such as school fees, college tuition, books, and other related expenses when their child reaches the age of higher education.

According to World Bank statistics, the global birth rate in 2021 was about 1.7%. Although the population growth rate had slowed down, with the development of the world economy and the increase of per capita disposable income of residents, the spending power is growing. Therefore, there is still a large room for development in the baby products industry. Improving product quality and tapping the value of a single customer will become the drivers for the growth of the infant and child industry. Refinement and diversification are the core characteristics of the consumer demand.

China has a large population base, and even if the population growth rate slows down, there will still be a demographic dividend. The State Council in 2022 proposes to 'Guide market players to produce safer and healthier domestic infant products'. According to the National Bureau of Statistics, China's birth rate in 2022 was 6.77%, and the birth population was 9.56 million. According to the results of the seventh national census in 2021, the number of infants and young children aged 0-6 in China reached 140 million, of which the number of infants and young children aged 3-6 exceeded 70 million. The huge population size has brewed a market demand with huge potential, and the children's consumption market has risen rapidly. Chinese families spend a lot on childcare, with the average cost of childcare ranking second in the world.

The survey data released by China Research Center for Children's Industry shows that in 80% of families in China, children's expenditures account for 30% to 50% of household expenditures, and the average annual consumption of children in families is ¥17,000 to ¥25,500. According to data from the Yuwa Population Research, the national average cost of raising a child (the cost of raising a child to the age of 18) is ¥485,218.

From the perspective of specific stages, the largest proportion is the cost of raising children aged 6-14, accounting for about 45%. The cost during pregnancy, the cost of childbirth and confinement, and the cost of raising babies aged 0-2 accounted for 2.06%, 2.09% and 13.33% separately.

ReportPrime' newest research report, the “Child Education Insurance Industry Forecast” looks at past sales and reviews total world Child Education Insurance sales in 2024, providing a comprehensive analysis by region and market sector of projected Child Education Insurance sales for 2025 through 2031. With Child Education Insurance sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Child Education Insurance industry.

This Insight Report provides a comprehensive analysis of the global Child Education Insurance landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Child Education Insurance portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Child Education Insurance market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Child Education Insurance and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Child Education Insurance.

This report presents a comprehensive overview, market shares, and growth opportunities of Child Education Insurance market by product type, application, key players and key regions and countries.

Segmentation by Type:

• Child ULIPS Plans
• Child Savings Plans

Segmentation by Application:

• Personal
• Enterprise

Market by Region:

• Americas
• APAC
• Europe
• Middle East & Africa

Company's Coverage:

• Chubb
• Citi
• AIA Group
• Cigna
• The Allianz Group
• HDFC Life
• SBI Life Insurance
• Jubilee Life Insurance Company Limited
• Max Life
• IGI Life
• Societe Generale Ghana Corporates
• AIICO Insurance
• CBZ Holdings
• Allianz
• Bharti AXA Life
• Panin Dai-ichi Life

Key Questions Addressed in this Report