Ratio of lapses and surrenders of individual life insurance in Japan FY 2016-2022

Published by Statista Research Department, Dec 4, 2023

In the fiscal year 2022, the ratio of lapses and surrenders of individual life insurance in Japan reached about 5.6 percent. The highest ratio of lapses and surrenders was recorded in fiscal 2018, at around 5.7 percent.

Ratio of lapses and surrenders of individual life insurance policies in Japan from fiscal year 2016 to 2022

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Release date

November 2023

Region

Japan

Survey time period

fiscal year 2016 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Supplementary notes

Ratio of lapse and surrender = amount of lapse and surrender / amount of benefits in force at the beginning of the fiscal year ×100 percent

Figures prior to fiscal year 2018 are from previous reports.

Figures reflect the business results of member companies of The Life Insurance Association of Japan.

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