Ratio of lapses and surrenders of individual life insurance in Japan FY 2016-2023

Published by Statista Research Department, Dec 4, 2024

In the fiscal year 2023, the ratio of lapses and surrenders of individual life insurance in Japan reached about 5.9 percent. This was the highest ratio of lapses and surrenders recorded since the fiscal year 2016.

Ratio of lapses and surrenders of individual life insurance policies in Japan from fiscal year 2016 to 2023

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Release date

November 2024

Region

Japan

Survey time period

fiscal year 2016 to 2023; 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 2019 are from previous reports.

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

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