Life insurers' annualized premiums third-sector policies in force Japan FY 2014-2023

Published by Statista Research Department, Dec 9, 2024

Annualized premium from individual third-sector insurance policies in force in Japan amounted to 7.25 trillion Japanese yen in fiscal year 2023. The total annualized premiums from individual life insurance policies in force increased compared to fiscal 2022. 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 from individual third-sector policies in force of life insurance companies in Japan from fiscal year 2014 to 2023 (in trillion Japanese yen)

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Source

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Release date

November 2024

Region

Japan

Survey time period

fiscal years 2014 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

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 0.67 U.S. dollars or 0.63 euros as of December 2024.

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