All News Energy Space Top stories

How Customers Purchase Critical Illness Insurance 2020 Report

This report explores the attitudes, behaviors, and preferences of customers who purchased a critical illness 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 critical illness insurance market using Association of British Insurers data.

Request for FREE PDF Sample Report @

The attitudes, preferences, and behaviors of customers purchasing critical illness insurance in the past 12 months differed depending on factors including whether they purchased independently or with advice, what triggered them to purchase a policy, their top financial concerns, and product features sought. Providers must seek to understand customers in order to encourage them to purchase cover. A range of factors must be acknowledged within policy design, purchasing channels, and marketing strategies.

Scope of this Report-
– The majority of critical illness policies are sold as a rider with a life insurance policy.
– Over a quarter of customers seek advice from an insurance broker or independent financial advisor before purchasing a critical illness policy.
– The most common monthly price range is £10-19.

Reasons to Buy this Report-
– 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 you can adapt products and services to meet their needs.
– Discover which providers lead the way in the critical illness space.
– Adapt your distribution strategy to ensure it still meets customer purchasing behaviors.

Single User License: US $ 3250

Get FLAT 25% Discount on this Report @

Table of Contents
Sizing the Critical Illness Insurance Market
The Purchasing Journey
Behaviors & Attitudes
Brand Selection
Future Market

Leave a Reply

Your email address will not be published. Required fields are marked *