Annualized premium of third-sector insurance policies in force in Japan FY 2013-2022

Published by Statista Research Department, Jan 25, 2024

The annualized premium of third-sector insurance policies in force in Japan amounted to 7.2 trillion Japanese yen in fiscal year 2022. The total annualized premium of individual life insurance policies in force declined compared to fiscal 2021. 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 third-sector insurance policies in force in Japan from fiscal year 2013 to 2022 (in trillion Japanese yen)

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Source

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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

Supplementary notes

According to the source, the third sector includes annualized premium for appropriate amounts of health insurance benefits (hospitalization cost, surgery cost, etc.), living benefits (specified diseases, long-term care, etc.), and premium waiver benefit (by reason of specified diseases and long-term care, excluding disability).

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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