his report explores the attitudes, behaviors, and preferences of customers who purchased an income protection policy in the last 12 months. It explores distribution and the purchasing journey, policy purchase triggers, the financial concerns of customers, and brand selection. It also sizes the market using Association of British Insurers data.
Income protection provides long-term cover if an individual is unable to work due to injury or illness. The policy typically pays out until the client returns to work, retires, or dies. Payouts are usually aligned to earnings and are tax-free. A policy can pay out for as long as the individual needs, or the benefit can be capped. In 2017 the income protection market insured 132,949 new lives and was worth £53.63m in new business premiums according to the Association of British Insurers.
Scope
- Comprehensive cover was the leading consumer choice in 2018, accounting for 42.0% of income protection purchases.
- Consumers have moved away from researching and purchasing from comparison sites in favor of brokers and banks that can provide advice.
- The most common monthly price range for income protection policies is £20-29.
Reasons to buy
- Understand consumer purchasing decisions and how these will influence the market over the next few years.
- Improve customer engagement by recognizing what is most important to them and how to adapt products and services to meet their needs.
- Discover which providers lead the way in the income protection space.
- Adapt your distribution strategy to ensure it still meets customer purchasing behaviors.
Companies mentioned
Aviva
Legal & General
LV=
HSBC
Royal London
Global Enterprise Governance, Risk and Compliance Software Market Size, Status and Forecast 2025
1 Industry Overview of Enterprise Governance, Risk and Compliance Software market
1.1 Definition and Specifications of Enterprise Governance, Risk and Compliance Software market
1.1.1 Definition of Enterprise Governance, Risk and Compliance Software market
1.1.2 Specifications of Enterprise Governance, Risk and Compliance Software market
1.2 Classification of Enterprise Governance, Risk and Compliance Software market
1.2.1 Type I
1.2.2 Type II
1.2.3 Type III
1.3 Applications of Enterprise Governance, Risk and Compliance Software market
1.3.1 Yield Monitoring
1.3.2 Soil Monitoring
1.3.3 Scouting
1.3.4 Others
1.4 Market Segment by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
2 Manufacturing Cost Structure Analysis of Enterprise Governance, Risk and Compliance Software market
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Enterprise Governance, Risk and Compliance Software market
2.3 Manufacturing Process Analysis of Enterprise Governance, Risk and Compliance Software market
2.4 Industry Chain Structure of Enterprise Governance, Risk and Compliance Software market
3 Technical Data and Manufacturing Plants Analysis of Enterprise Governance, Risk and Compliance Software market
3.1 Capacity and Commercial Production Date of Global Enterprise Governance, Risk and Compliance Software Market Major Manufacturers in 2015
3.2 Manufacturing Plants Distribution of Global Enterprise Governance, Risk and Compliance Software Market Major Manufacturers in 2015
3.3 R&D Status and Technology Source of Global Enterprise Governance, Risk and Compliance Software Market Major Manufacturers in 2015
3.4 Raw Materials Sources Analysis of Global Enterprise Governance, Risk and Compliance Software Market Major Manufacturers in 2015
4 Global Enterprise Governance, Risk and Compliance Software Market Overview
4.1 2011-2018 Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2011-2018 Global Enterprise Governance, Risk and Compliance Software Market Capacity and Growth Rate Analysis
Summary: Get latest Market Research Reports on Customers Purchase Income Protection. Industry analysis & Market Report on Customers Purchase Income Protection is a syndicated market report, published as How Customers Purchase Income Protection 2019. It is complete Research Study and Industry Analysis of Customers Purchase Income Protection market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.