Life insurance ownership among households in Japan 2021, by income

Published by Statista Research Department, Dec 7, 2022
According to a survey conducted in Japan in 2021, about 94 percent of households with a household income of 10 million Japanese yen or more had at least one member who owned life insurance. Among households with a household income of fewer than two million yen, the life insurance ownership rate stood at around 73.8 percent.

Life insurance ownership rate among households in Japan in 2021, by household income

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Release date

December 2021

Region

Japan

Survey time period

April 10 to May 16, 2021

Number of respondents

3,983 respondents

Special properties

among general households with two or more members; including individual annuity insurance

Method of interview

Questionnaire

Supplementary notes

Household ownership rate = (number of households in which at least one member has taken out life insurance / total number of surveyed households) x 100

100 Japanese yen equal 0.74 U.S. dollars or 0.70 euros as of December 2022.

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