Family Floater Health Insurance Market By Coverage, By Distribution Channel, By Plan Type : Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

A family floater health insurance is a type of health insurance plan wherein the individual and his family members share one plan of health insurance. This means both the health insurance premium and sum insured would be shared amongst all members in the plan.

The family floater health insurance plan helps cover multiple health insurance claims at the same time, and the sum assured will be split amongst all family members. Moreover, policy is beneficial if the person has more than two members in the family. In addition, family floater health insurance policy is cost-effective as the policy holder gets cover for all family members with a single premium. Moreover, the family floater plan provides the tax benefits under Section 80D of the Income Tax Act. Health insurance is one of the primary investments for any individual to ensure complete security during medical emergencies for themselves and their families. Moreover, the income tax act allows the deduction for premium on health insurance through tax Section 80D.These are some of the factors that propel the growth of the family floater health insurance market. However, surge in fraudulent activities like, padding, inflating claims, staging accidents, misrepresenting facts on an insurance application, submitting claims for injuries or damage that never occurred are some of the major frauds that occur in the insurance sector. In addition, frauds such as internal fraud, rate evasion, underwriting fraud, claims fraud, and cybersecurity fraud are committed at different points in transaction by applicants, policyholders, third-party claimants, and professionals providing services to claimants. Therefore, such factor restricts the growth of the market across the globe. On the contrary, the surge in number of small insurance firms and technology improvements in the insurance industry are likely to propel the family floater health insurance market to new heights. Also, with the help of AI, insurers can improve claims turnaround cycles and fundamentally change the underwriting process. Therefore, this factor will provide opportunities for the growth of family floater health insurance market.

The family floater health insurance market is segmented on the basis of on the basis of coverage, distribution channel, plan type, and region. By coverage, it is classified into in-patient hospitalization, pre and post hospitalization cost, day care treatments, and others. By distribution channel, it is divided into insurance companies, banks, agents and brokers, and others. By plan type, it is bifurcated into immediate family plan and extended family plan. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The report analyzes the profiles of key players operating in the family floater health insurance market such as Aetna Inc., Aviva, Care Health Insurance, Cigna, eHealthinsurance Services, Inc., Future Generali India Insurance Company Ltd., HDFC ERGO, IFFCO-Tokio General Insurance Company Limited, Niva Bupa Health Insurance, and Now Health International. These players have adopted various strategies to increase their market penetration and strengthen their position in the family floater health insurance industry.

Key benefits for stakeholders

The study provides in-depth analysis of the global family floater health insurance market along with the current & future trends to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global loan management software market size are provided in the report.
Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global family floater health insurance market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Coverage

In-Patient Hospitalization
Pre and Post Hospitalization Cost
Day Care Treatments
Others

By Plan Type

Immediate Family Plan
Extended Family Plan

By Distribution Channel

Insurance Companies
Banks
Agents and Brokers
Others

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players

Future Generali India Insurance Company Ltd.
Aetna Inc.
Aviva
Cigna
Now Health International
HDFC ERGO
eHealthinsurance Services, Inc.
Care Health Insurance
Niva Bupa Health Insurance
IFFCO-Tokio General Insurance Company Limited

Product Code: A47385

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate threat of new entrants
- 3.3.5. High intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Covers the entire family health insurance
  - 3.4.1.2. Ease in process of settling claims
  - 3.4.1.3. Offers better tax benefits
- 3.4.2. Restraints
  - 3.4.2.1. Lack of knowledge about family floater health insurance policies
  - 3.4.2.2. Surge in fraudulent activities
- 3.4.3. Opportunities
  - 3.4.3.1. Technological advancements in the field of insurance
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: FAMILY FLOATER HEALTH INSURANCE MARKET, BY COVERAGE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. In-Patient Hospitalization
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Pre and Post Hospitalization Cost
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Day Care Treatments
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country

CHAPTER 5: FAMILY FLOATER HEALTH INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Insurance Companies
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Banks
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Agents and Brokers
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: FAMILY FLOATER HEALTH INSURANCE MARKET, BY PLAN TYPE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Immediate Family Plan
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Extended Family Plan
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: FAMILY FLOATER HEALTH INSURANCE MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Coverage
- 7.2.3. Market size and forecast, by Distribution Channel
- 7.2.4. Market size and forecast, by Plan Type
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Coverage
  - 7.2.5.1.3. Market size and forecast, by Distribution Channel
  - 7.2.5.1.4. Market size and forecast, by Plan Type
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Coverage
  - 7.2.5.2.3. Market size and forecast, by Distribution Channel
  - 7.2.5.2.4. Market size and forecast, by Plan Type
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Coverage
- 7.3.3. Market size and forecast, by Distribution Channel
- 7.3.4. Market size and forecast, by Plan Type
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Coverage
  - 7.3.5.1.3. Market size and forecast, by Distribution Channel
  - 7.3.5.1.4. Market size and forecast, by Plan Type
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Coverage
  - 7.3.5.2.3. Market size and forecast, by Distribution Channel
  - 7.3.5.2.4. Market size and forecast, by Plan Type
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Coverage
  - 7.3.5.3.3. Market size and forecast, by Distribution Channel
  - 7.3.5.3.4. Market size and forecast, by Plan Type
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Coverage
  - 7.3.5.4.3. Market size and forecast, by Distribution Channel
  - 7.3.5.4.4. Market size and forecast, by Plan Type
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Coverage
  - 7.3.5.5.3. Market size and forecast, by Distribution Channel
  - 7.3.5.5.4. Market size and forecast, by Plan Type
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Key market trends, growth factors and opportunities
  - 7.3.5.6.2. Market size and forecast, by Coverage
  - 7.3.5.6.3. Market size and forecast, by Distribution Channel
  - 7.3.5.6.4. Market size and forecast, by Plan Type
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Coverage
- 7.4.3. Market size and forecast, by Distribution Channel
- 7.4.4. Market size and forecast, by Plan Type
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Coverage
  - 7.4.5.1.3. Market size and forecast, by Distribution Channel
  - 7.4.5.1.4. Market size and forecast, by Plan Type
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Coverage
  - 7.4.5.2.3. Market size and forecast, by Distribution Channel
  - 7.4.5.2.4. Market size and forecast, by Plan Type
  - 7.4.5.3. India
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Coverage
  - 7.4.5.3.3. Market size and forecast, by Distribution Channel
  - 7.4.5.3.4. Market size and forecast, by Plan Type
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Coverage
  - 7.4.5.4.3. Market size and forecast, by Distribution Channel
  - 7.4.5.4.4. Market size and forecast, by Plan Type
  - 7.4.5.5. South Korea
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Coverage
  - 7.4.5.5.3. Market size and forecast, by Distribution Channel
  - 7.4.5.5.4. Market size and forecast, by Plan Type
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Key market trends, growth factors and opportunities
  - 7.4.5.6.2. Market size and forecast, by Coverage
  - 7.4.5.6.3. Market size and forecast, by Distribution Channel
  - 7.4.5.6.4. Market size and forecast, by Plan Type
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Coverage
- 7.5.3. Market size and forecast, by Distribution Channel
- 7.5.4. Market size and forecast, by Plan Type
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Coverage
  - 7.5.5.1.3. Market size and forecast, by Distribution Channel
  - 7.5.5.1.4. Market size and forecast, by Plan Type
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Coverage
  - 7.5.5.2.3. Market size and forecast, by Distribution Channel
  - 7.5.5.2.4. Market size and forecast, by Plan Type
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Coverage
  - 7.5.5.3.3. Market size and forecast, by Distribution Channel
  - 7.5.5.3.4. Market size and forecast, by Plan Type

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES

9.1. Aetna Inc.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
9.2. Aviva
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
9.3. Care Health Insurance
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. Cigna
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
9.5. eHealthinsurance Services, Inc.
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
9.6. Future Generali India Insurance Company Ltd.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
9.7. HDFC ERGO
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Key strategic moves and developments
9.8. IFFCO-Tokio General Insurance Company Limited
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. Niva Bupa Health Insurance
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
9.10. Now Health International
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio