Amount of group policies in force of life insurers in Japan 2021-2023, by type

Published by Statista Research Department, Dec 6, 2024

The amount of group credit life insurance policies in force of life insurers in Japan amounted to approximately 221.6 trillion Japanese yen in the fiscal year 2023. Group credit life insurance is a form of mortgage insurance purchased by a borrower that protects lenders, such as banks, against loan defaults. Group credit insurance accounted for more than 50 percent of the amount of group policies in force during that year.

Value of group policies in force of life insurance companies in Japan from fiscal year 2021 to 2023, by type (in trillion Japanese yen)

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Release date

November 2024

Region

Japan

Survey time period

fiscal year 2021 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

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.

Values have been rounded.

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