Main Text starts here.
Business Development Centering on Post Offices
We provide simple and easy-to-understand products with smaller coverage amounts focused on endowment insurance and whole life insurance and various services through the nationwide network of post offices, and operate a unique business model that differs from that of competitors in Japan.
※ The number of customers is the sum of policyholders and insured persons (including individual insurance and individual annuities as well as Postal Life Insurance reinsured by us).
We have an agency sales channel (post offices and contracted post offices) and a directly-managed wholesales channel (Japan Post Insurance branches) throughout the country.
Agency sales channel (post offices and contracted post offices)
Post offices provide simple and easy-to-understand products (with smaller coverage amounts and easy procedures) and services mainly to households and the individuals market.
Directly-managed wholesales channel (Japan Post Insurance branches)
Japan Post Insurance branches provide company products and services primarily to the corporate and worksite market, and also handle other life insurance companies' products for corporate customers.
Major products sold
Our products cover basic protection that pays death benefits, maturity benefits, and survival benefits with medical care protection (riders) for injuries and illnesses. We provide simple and easy-to-understand products (with easy procedures and smaller coverage amounts) and services, focusing on endowment insurance and whole life insurance, through the nationwide network of post offices.
Extremely Large Customer Base
Our approximately 22.83 million customers is equivalent to roughly 20% of Japan’s population (approximately one in five people) (as of April 1, 2021).
Source: Population Estimates (Statistics Bureau of Ministry of Internal Affairs and Communications; total population as of April 1, 2021 (provisional estimates))