Child Education Insurance Market Report 2026

The child education insurance market size has grown rapidly in recent years. It will grow from $3.5 billion in 2025 to $3.86 billion in 2026 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to rising education costs, increasing awareness of financial protection for children, growth in life insurance penetration, expanding middle-class population, wider availability of structured education plans.

The child education insurance market size is expected to see strong growth in the next few years. It will grow to $5.63 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing focus on higher education planning, growing adoption of digitally enabled insurance products, rising demand for flexible premium structures, expansion of personalized financial planning tools, increasing regulatory emphasis on policy transparency. Major trends in the forecast period include increasing demand for goal-based child education insurance plans, rising adoption of unit linked education policies, growing preference for premium waiver and protection riders, expansion of digital policy distribution channels, enhanced focus on long-term education cost planning.

The increasing demand for international education is anticipated to drive the expansion of the child education insurance market in the coming years. International education involves pursuing academic programs abroad by students seeking global exposure, quality learning, or enhanced career prospects. This demand is rising as more families prioritize overseas education for their children, motivated by perceived higher educational standards and global career opportunities, particularly in developed countries. Child education insurance facilitates international education by establishing a financial reserve through savings and returns, ensuring coverage for tuition, travel, and living expenses even in the event of unexpected disruptions to parental income. For example, in November 2024, according to the Institute of International Education, a U.S.-based non-profit organization, during the 2023/2024 academic year, U.S. higher education institutions enrolled 1,126,690 international students from over 210 countries and regions, reflecting a 7% increase compared to the prior year. Consequently, the growing demand for international education is fueling the expansion of the child education insurance market.

Rising education expenses are anticipated to drive the growth of the child education insurance market in the coming years. Education expenses encompass costs for school supplies, textbooks, reference materials, and other academic necessities that families need to budget for annually. The increase in education costs is attributed to continual rises in consumer prices for school-related items, adding financial strain on households. Child education insurance aids financial planning by allowing parents and guardians to secure funds for their children’s education and alleviate the impact of escalating costs. For example, in August 2025, according to the U.S. Bureau of Labor Statistics, a US-based federal government agency, as of July 2025, daycare and preschool expenses increased by 5.7 percent compared to the prior year, while tuition and fees for elementary and high schools rose by 3.1 percent. During the same period, college tuition saw a 2.4 percent year-over-year rise. Consequently, rising education expenses are fueling the growth of the child education insurance market.

Companies in the child education insurance sector are developing innovative solutions to support long-term educational and career goals. Children’s future aspiration insurance is a plan designed to secure funding for a child’s education, career, or business ambitions, ensuring support during unexpected disruptions in family income. In March 2025, SBI Life Insurance Company Limited, based in India, launched SBI Life-Smart Future Star and SBI Life Smart Platina Young Achiever. These plans offer flexible premium and payout structures aligned with educational milestones, include premium waivers in case of a parent’s death or disability, and promote disciplined savings with guaranteed returns or bonuses. These solutions provide parents with adaptable financial support throughout their child’s educational journey.

Major companies operating in the child education insurance market are Allianz SE, Ping An Insurance Group Co of China Ltd, AXA SA, MetLife Inc., Prudential plc, Nippon Life Insurance Company, Manulife Financial Corporation, Life Insurance Corporation of India LIC, New York Life Insurance Company, Northwestern Mutual, Lincoln National Corporation, Aegon N V, Dai‑ichi Life Holdings Inc., Great‑West Lifeco Inc., CNP Assurances, Japan Post Insurance Co Ltd, Ameritas Life Insurance Corp, National Life Group Inc., Primerica Inc.

North America was the largest region in the child education insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the child education insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the child education insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The child education insurance market includes revenues earned by entities by providing services such as premium waiver benefit, lump sum payout on maturity, partial withdrawal facility, milestone-based payouts, and tax saving benefits. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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