Middle East and Africa Critical Illness Insurance Market By Application: Life Coverage, Health Protection, and Savings P
The Middle East and Africa critical illness insurance market by application is witnessing steady growth due to rising awareness of health risks, increasing prevalence of chronic and lifestyle-related diseases, and improving financial planning initiatives. Critical illness insurance provides financial protection against severe diseases, including cancer, cardiovascular disorders, stroke, kidney failure, and other major illnesses.
Applications of critical illness insurance include life coverage, health protection, and savings plans. Life coverage provides policyholders with financial security for beneficiaries in the event of severe illness or death. Health protection plans cover medical expenses, hospitalization, treatment costs, and rehabilitation services, helping patients manage the financial burden of critical illnesses. Savings plans integrate investment and insurance, allowing policyholders to build long-term financial assets while being protected against unforeseen health risks.
Market growth is driven by increasing healthcare costs, rising prevalence of chronic illnesses, and growing awareness among middle-class populations in countries such as UAE, Saudi…

