Future Growth

Masafumi Itasaka Representative Director and President

Through the growing independent insurance agent market, T&D Financial Life offers distinctive products which meet the needs of its customers.
Masafumi Itasaka
Representative Director and President

In fiscal 2017, the second year of the medium-term management plan, the company will continue the “diversification of product lineup,” “expansion of sales network of insurance agents,” and “improvement of customer service,” aiming to become the company of choice for customers and agents in the independent insurance agent market, thereby promoting the expansion of the new policy amount and EV.

Specifically, for single-premium products, the company will work to recover from the previous fiscal year through synergies between its Shogai Premium Japan 4 and Shogai Premium World 4 products. With respect to level premium products, the company is promoting to expand its agent network and market penetration for Kakei Ni Yasashii Shunyuhosho and Kakei Ni Yasashii Shushin Iryo products, with the goal of achieving a true multi-line model for First Sector and Third Sector insurance.

In addition, the company will ensure its business conduct is customer-oriented by developing products which respond to customer needs, working to improve services for seniors and so forth.

Lineup of Main Products

Single-Premium Products

Shogai Premium Series

	Main Features:
Shogai Premium Japan 4 [non-participating whole life insurance (accumulation-rate renewing type II)]	Under the concept of “secure additional fund without the withdrawal from the premium reserve,” Shogai Premium Series is a cash flow type single-premium whole life insurance series which features annual additions of a prescribed bonus policy amount to the “accumulated bonus amount” throughout the insured’s lifetime.
Shogai Premium World 4 [non-participating foreign exchange rate linked whole life insurance (accumulation-rate renewing, multicurrency type IV)]	Shogai Premium Japan 4 is a product for customers interested in investing in yen-denominated assets, as the annual bonus policy amount is steadily added to the accumulated bonus policy amount every year using JGB yields as its reference rate. Shogai Premium World 4 is a product for customers interested in overseas interest rates, which are higher compared to domestic interest rates, and in foreign currencies, as the product is based on the reference rate which is linked to foreign currency (Australian dollar or U.S. dollar).

Level-Premium Products

	Main Features:
Kakei Ni Yasashii Shunyuhosho [non-participating income protection insurance (no surrender value type II)]	This is an income protection insurance product which provides either a monthly survivor annuity or a disability annuity over a fixed period in the event of death or permanent disability of the insured. The product has set up premium which is more affordable than that of conventional term insurance products. In addition, by applying the waiver of premium payment rider for the three major diseases and the income protection rider for the three major diseases, the insured could prepare for the loss of income in the event where he or she suffers from one of the three major diseases (designated cancer, acute myocardial infarction and cerebral stroke) which come under a prescribed condition.
	Main Features:
Kazoku Wo Tsunagu Shushinhoken [non-participating special whole life insurance (type I)]	The customer selects whole life insurance from two plans: the “basic plan” which secures death benefit from the beginning of the contract, or the “simple plan” in which the amount of death benefit is held down at the initial insurance period in order for customers to subscribe with a simple notification. A product which secures death benefits and at the same time addresses a wide range of asset formation and other needs of customers in the medium and long term, including funding for post-retirement living expenses and educational expenses for children.
	Main Features:
Hataraku Anata Ni Yasashii Hoken [non-participating specific disease income protection insurance (no surrender value type II)]	Pays an annuity (with a choice of either fixed term annuity or annuity certain) for a prescribed condition resulting from specific diseases (cancer, acute myocardial infarction and cerebral stroke). The product specializes in living benefit coverage by eliminating death benefit which enables customers to prepare for the necessary living expenses according to their needs.
	Main Features:
Kakei Ni Yasashii Shushin Iryo [Non-participating whole life medical insurance (no surrender value type I)]	A simplified type of medical insurance which offers discounted premiums to non-smokers, and coverage which starts with one-day hospitalization and outpatient surgery. Riders and options available for short-term hospitalization, lifestyle diseases and advanced medical care, allowing coverage to be provided in line with the actual circumstances of medical practice.

Outlook for Sales Performance IndicatorsFiscal 2017

Policy amount in force: ¥2,060 billion
New policy amount: ¥370 billion

Fundamental Strategy

Aiming to establish a strong brand in life insurance sales through the independent insurance agent channel^*, the company is promoting the “diversification of product lineup,” “expansion of sales network of insurance agents,” and “improvement of 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