Obtained Approval for Short-Term Premium Payment Endowment Insurance
Japan Post Insurance Co., Ltd. (Chiyoda-ku, Tokyo; Masami Ishii, Director and President, CEO, Representative Executive Officer) announces that it has submitted a new business application to the Commissioner of the Financial Services Agency and the Minister for Internal Affairs and Communications on February 19, 2015 pursuant to Article 138, Paragraph 1 of the Postal Service Privatization Act (Act No. 97, 2005). This application is related to short-term premium payment endowment insurance (i.e., ordinary endowment insurance whose premium payment period is shorter than the duration of insurance). We received approval regarding this business from both the Commissioner and the Minister today.
Please see the appendix for the outline of short-term premium payment endowment insurance.