Reasons for taking out life insurance 2021

Published by Statista Research Department, Jan 26, 2024
According to a survey conducted in 2021, 59 percent of the respondents in Japan stated they had purchased life insurance for medical and hospitalization expenses, making this the leading reason to purchase life insurance. Around 52.4 of the respondents stated to have purchased life insurance to provide for their families in the event of an emergency.

Reasons for purchasing life insurance in Japan as of May 2021

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Sources

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Release date

December 2021

Region

Japan

Survey time period

April 16 and May 16, 2021

Number of respondents

4,000 respondents

Special properties

among general households with two or more members; multiple answers possible

Method of interview

Questionnaire

Supplementary notes

The survey sample was selected using a two-stage stratified random sampling method.
The survey results refer to respondents who have purchased life insurance offered by private life insurance companies within five years prior to each survey.
The Japan Post Insurance is excluded from the figures.

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Companies and agencies

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Key players

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Individual life insurance

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Life insurance industry in JapanDemographics of JapanHealth care in JapanCoronavirus (COVID-19) in JapanState of health in Japan
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