Portland, OR -- (SBWIRE) -- 10/04/2017 -- The health insurances cover the cost associated with medical and surgical expenses of the individual. These costs occurred during the treatment of the patient are either fully paid by an insurance company in advance or by indirect method in which the patient needs to pay the complete fees then the company reimburses based on their terms and conditions. The major advantage of taking a health insurance involves coverage for critical illnesses and tax benefits.
The increase in aging population and rise in health expenditure drive the growth of the market. In addition, the rise in disposable income of individuals also fuels the Health Insurance Market. However, poor claim settlement track record and rigid rules hinder the growth. The adoption of social media and innovation in health care products provides growth opportunities.
The global health insurance market is segmented on the basis of demographics, type, service providers, and region. On the basis of demographics, it is divided into minor, adult, and senior citizen. Based on the type, it is bifurcated into lifetime coverage and term coverage. The service provider segment involves public and private. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Health Insurance Market Key Segments:
By Service Providers
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Key Market Players Profiled in The Report:
-Japan Post Holding Co., Ltd.
-Assicurazioni Generali S.p.A.
-Munich Re Group
-United Health Group
-China Life Insurance
-Zurich Insurance Group