Sumitomo Life Raises Maturity Payout Rate of "Chakin" Insurance, Supporting Young, Inexperienced Investors, to 109.3%
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Sumitomo Life announced an increase in the maturity payout rate of its direct channel-exclusive "Chakin" insurance to 109.3%, effective for applications from May 1, 2026. This adjustment, reflecting rising market interest rates, aims to support asset building for young, inexperienced investors, with a monthly premium of 10,000 yen resulting in an additional 19,349 yen at maturity.