Four major Japanese life insurers, including Nippon Life Insurance, reported higher revenues in fiscal 2025, driven mainly by stronger sales of yen-denominated single-premium whole life insurance policies.
The products have become increasingly attractive to consumers after insurers raised their prospective yields in response to higher long-term interest rates following the Bank of Â鶹´«Ã½ interest rate hikes.
Under single-premium whole life insurance policies, policyholders pay the entire premium in a lump sum when signing the contract. Upon the policyholder¡¯s death, the bereaved family or other designated beneficiaries receive insurance benefits. In many cases, policyholders use large sums of money, such as retirement allowances, to pay the premium.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.