Annualized premium of individual life insurance policies in force Japan FY 2013-2022

Published by Statista Research Department, Jan 25, 2024

The annualized premium of individual life insurance policies in force in Japan totaled about 27.7 trillion Japanese yen in fiscal year 2022. The value, which includes annuity insurance and third-sector insurance, declined for the fourth consecutive year. The annualized premium is the amount of premium income which a life insurer would receive in one year, under the assumption that the premium is equally divided and paid throughout the entire contract period.

Annualized premiums of individual life insurance policies in force in Japan from fiscal year 2013 to 2022 (in trillion Japanese yen)

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Release date

November 2023

Region

Japan

Survey time period

fiscal years 2013 to 2022; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

including individual annuity and third-sector insurance

Supplementary notes

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

100 Japanese yen equal 0.66 U.S. dollars or 0.63 euros as of November 2023.

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