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 2015 was ¥236.2 billion, down 26.8% year on year. The new policy amount for single premium products was ¥152.4 billion, while the new policy amount for level premium products was ¥83.8 billion. The policy amount in force for products sold through independent insurance agents was up 6.0% from the previous fiscal year-end to ¥1,156.5 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.
MCEV was ¥93.4 billion as of March 31, 2016, a decrease of ¥2.3 billion from the previous fiscal year-end. However, the value of new business was ¥3.5 billion, an increase of ¥1.1 billion from the previous fiscal year-end mainly due to the higher new policy amount of Shogai Premium World 3, a foreign currency-linked single premium whole life insurance product.
T&D Financial Life's Policy Amount in Force (Portion corresponding to independent insurance agents)
- Business Value
- Business Overview
- 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 2016 -
- Policy amount in force
- ¥1,850billion
- New policy amount
- ¥220billion
- Fundamental Strategy
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- Aiming to establish a strong brand in life insurance sales through the independent insurance agent channel*, the company is working to “diversify its product lineup,” “expand its sales network of insurance agents,” and “enhance customer service.”
- * The independent insurance agent channel collectively refers to the OTC sales channel at financial institutions, including banks, securities firms, and the insurance shop agent channel.
- Business Model
