Basic Group Policy on Human Resources

The T&D Insurance Group (the "Group" or "we") positions '"human resources" as the most important and greatest driving force for its business activities to realize the Group's corporate philosophy "With our Try & Discover motto for creating value, we aim to be a group that contributes to all people and societies,"' and has established the following basic policies for its human resources management.

• The Group recognizes the social mission and responsibilities of each Group company and will contribute to society through the growth of each employee and the sustainable growth of the Group.
• The Group's diverse human resources will boldly take on future-oriented challenges (Try), and through the discoveries they make (Discover), flexibly respond to changes in society and diverse values, and create new values.
• By embracing the diversity of its human resources (Diversity) and fostering a sense of unity (Inclusion), we will build a corporate culture of mutual trust, appreciation and respect among employees, and aim to become a corporate group where employees can feel a sense of pride and responsibility in being members of the Group.

We will cultivate an open corporate culture in which each and every employee feels fulfilled in his or her work, is motivated to develop himself or herself to contribute to the Group's growth and is able to demonstrate his or her abilities to the fullest.

We regard the physical and mental health of employees and their families as the foundation for realizing the Group's corporate philosophy and continuing to pursue the Group's growth.
Based on this belief, we will create an environment in which employees can engage in their work with peace of mind and work with vigor by appropriately managing working hours, curbing long working hours, and securing sufficient opportunities for rest. Specific policies on occupational health and safety for realizing a safe and healthy workplace environment are set forth in the Group Occupational Health and Safety Policy.

We will hire diverse human resources who share the Group's corporate philosophy and can be expected to passionately and vigorously promote initiatives aimed at realizing our vision as members of the Group.

We will develop autonomous human resources with high integrity (sincerity, diligence and nobility), flexibility to accept changes in society and diverse values, and a global perspective as members of the Group, who understand the direction of the Group, work diligently on their own tasks, think independently, act proactively, and can deliver the expected results.

In order to ensure that each and every employee is able to maximize his or her potential, we will allocate appropriate human resources to meet the strategic human resource allocation needs of the Group and its group companies, taking into account each employee's career orientation, ability and aptitude. In addition, we will rotate personnel to lead to the development of human resources with a medium- to long-term perspective, who are suitable candidates for future leaders who can drive the growth of the Group and its group companies. In addition, when making organizational changes or other measures that significantly affect employees, the Group will comply with relevant laws and regulations and endeavor to provide appropriate explanations and engage in dialogue.

We will offer opportunities for personnel with high ethical standards and professional awareness and responsibility to take the initiative in taking on challenges for further growth, both in Japan and overseas,and will support their autonomous career development.

We will conduct fair and convincing personnel evaluations that lead to increased motivation and job satisfaction for each employee by aligning the job-related goals of each employee with the direction of the Group and its group companies, leading to the growth of each employee through reflection on the results and status of efforts toward goals, and reflecting the results achieved in personnel treatment, etc.

We will reward each and every employee fairly in the form of remuneration, comprehensively taking into consideration his or her role to be played, results he or she achieved, and his or her contribution to the growth of the Group and its group companies, while also giving consideration to the stability of employees’ and their families’ lives. The Group will also strive to realize fair treatment without unreasonable differences based on gender or other attributes.

April 1,2004
Approved by T&D Holdings Board of Directors