New individual policies breakdown of life insurers in Japan FY 2023, by age and type

Published by Statista Research Department, Dec 6, 2024

In the fiscal year 2023, whole life insurance accounted for over 41 percent of the number of new individual policies taken out with life insurers in Japan by people in their sixties. The share of customers purchasing whole life insurance policies was lower in younger age groups.

Customer distribution of new individual policies of life insurance companies in Japan in fiscal year 2023, by age group and type

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Release date

November 2024

Region

Japan

Survey time period

fiscal year 2023; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

based on number of new policies; excluding converted contracts

Supplementary notes

Figures reflect the business results of member companies of The Life Insurance Association of Japan.

Values may not add up to 100 percent due to rounding by the source.

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