T&D Financial Life specializes in providing insurance products through independent insurance agents including banks, securities firms and insurance shop agents which handle products from multiple insurers. The new policy amount for T&D Financial Life in fiscal 2014 was ¥322.6 billion, up 31.7% year on year. The new policy amount for single premium products was ¥290.0 billion, while the new policy amount for level premium products was ¥32.6 billion. The policy amount in force for products sold through financial institutions and other agents was up 3.9% from the previous fiscal year-end to ¥1,091.3 billion, mainly due to an increase in the new policy amount, which outweighed decreases due to the lump-sum payment of annuities upon the maturity of variable individual annuities and surrenders due to a recovery in market conditions.
MCEV was ¥95.8 billion as of March 31, 2015, an increase of ¥3.5 billion from the previous fiscal year-end. However, the value of new business was ¥2.3 billion, a decrease of ¥0.7 billion from the previous fiscal year-end mainly due to the decline in interest rates.
T&D Financial Life's Policy Amount in Force
(Portion corresponding to OTC sales at financial institutions and other agents)
- Business Value
- Businesses at a Glance
- Taiyo Life Insurance Company
- Daido Life Insurance Company
- T&D Financial Life Insurance Company
- T&D Asset Management Co., Ltd.
- Pet & Family Small-amount Short-term Insurance Company
- Management Targets
Fiscal 2015 -
- Policy amount in force
- ¥1,900 billion
- New policy amount
- ¥330 billion
- Fundamental Strategy
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- A strategic company which plays a centrally role on T&D Life Group's OTC sales at financial institutions and other agents channel
- Aiming to establish a strong brand in life insurance sales through financial institutions and other agents, the company is concentrating its management resources on bolstering product development and sales support capabilities
- Business Model
