Please be sure to read the policy summary for each product, advisories, insurance plan, policy guide, terms and conditions, special account guide (for variable individual annuity insurance) and other documents as part of your research.
Individual annuity insurance is assessed annual insurance–related
costs, investment management–related costs, annuity management costs, etc. subsequent to the start of the policy, in addition to policy fees at the time of signing. However, such fees differ according to product, selected special accounts, method of annuity receipt and other factors that prevent us from disclosing such fees here. In addition, cancellation charges may be assessed in the case of cancellation within a certain defined period. Fees incurred by the customer are the aggregate amount of these fees and charges. Please confirm such details with the policy summary, advisories, etc.
For individual annuity insurance, an exchange fee is assessed separately from the fees identified above when converting yen-denominated currency into foreign currencies (one way; maximum ¥1.25 per base currency unit). In addition, an exchange fee is assessed when converting foreign-denominated annuities or death benefits into Japanese yen; however, the handling of these fees differs among financial institutions, preventing us from disclosing this fee here.
Individual annuity insurance does not include any capital and/ or return rate guarantees by the Bank.
Individual annuity insurance is invested in domestic and international stocks and bonds; accordingly, there is an associated risk that annuities and/ or cancellation refunds may be less than credited premiums due to falling stock and/ or bond prices, increases in market interest rates, fluctuations in foreign exchange rate, etc.
When denominated in foreign currency, there is a risk that the amount of annuities or cancellation refunds converted to yen may be less than the amount of credited premiums converted to yen due to fluctuations in exchange rates.
Individual annuity insurance is a life insurance product where the insurance is underwritten by a life insurance underwriting company, and is not a deposit. The Bank, as an agent, conducts policy intermediation; however, the actual party to the policy is not the Bank, but rather the life insurance underwriting company.
Individual annuity insurance is not covered by deposit insurance. Please consult with the appropriate information desk regarding deposit insurance.
In the event that the life insurance underwriting company declares bankruptcy, protective measures are available through the Life Insurance Policyholders Protection Corporation of Japan; however, there is an associated risk that the amount of death benefit/ annuity amount promised in the original policy will be reduced, and that as a result, death benefits or annuity payments may be less than the credited premiums.
The application for individual annuity insurance has no effect on other transactions between the customer and the Bank.
The Bank does not accept applications for individual annuity insurance when borrowed funds (including funds borrowed from other financial institutions) are provided as insurance premiums.
Due to legal regulations, the Bank may not be able to accept applications for life insurance depending on the customer’s employer.