bs-preloader__icon
ru kz en

Japanese insurers reduce premiums due to increased life expectancy of customers

Japanese insurers reduce premiums due to increased life expectancy of customers

Nippon Life Insurance company is among other Japanese insurers, who have announced a decrease in the amount of life insurance premiums, because benefits payments of the company are reduced due to a longer life expectancy of the insureds.

As UkrStrakhovaniye has cleared up, the premiums can drop to 20% for agreements starting from April this year. This is due to the changed control market rates of mortality and life expectancy.

For example, the mortality ratio among men in the age of 40 has decreased from 1.48 to 1.18, while the rate for women of the same age dropped from 0.98 to 0.88. Besides the Nippon Life insurance premiums will be reduced by Sony Life Insurance Co., as well. It is expected that the fees will decrease by 14.6% for men at the age of 30 and by 3.7% for women of the same age. Meiji Yasuda Life Insurance will cut premiums on collective insurance agreements by 24%.

Insurers from Hong Kong will also revise their rates because of the longer life expectancy of insureds. Analysts note that decrease in life insurance premiums will simultaneously increase premiums on health insurance.

Source:https://www.ukrstrahovanie.com.ua/news/yaponskie-strahovshhiki-snizhayut-premii-iz-za-uvelicheniya-prodolzhitelnosti-zhizni-klientov

Share
read also
Life Insurance in Germany
Life Insurance in Germany

According to statistics, each family in Germany has 7 insurance policies on average. ...

Why is life insurance so popular abroad?
Why is life insurance so popular abroad?

The fact is insurance and investment deposits work ensemble in the form of investment...

JSC "Halyk Bank of Kazakhstan" has become the shareholder of JSC "Kazkommerts-Life"
JSC "Halyk Bank of Kazakhstan" has become the shareholder of JSC "Kazkommerts-Life"

According to kklife.kz, JSC Kazkommerts-Life is working in the same mode at the momen...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application