What is the new insurance product launched by WealthNavi and Dai-ichi Life?

The new insurance product is called "Wealth Term Insurance," which is a group term life insurance product specifically designed for users of WealthNavi's asset management services.

What makes "Wealth Term Insurance" unique in the Japanese market?

This is the first time in Japan that group term life insurance with death benefits is being offered to users of discretionary investment services, making it a pioneering product.

How is "Wealth Term Insurance" made affordable for WealthNavi customers?

By leveraging WealthNavi's large service platform with over 460,000 users and combining it with a group insurance scheme, affordable death benefits can be secured for WealthNavi customers.

What is the primary requirement to apply for "Wealth Term Insurance"?

To apply for "Wealth Term Insurance," individuals are required to open a WealthNavi asset management service account, which means starting their discretionary investment service.

What societal issue does "Wealth Term Insurance" aim to address for the working generation?

The insurance aims to help the working generation better balance 'future preparation' through asset management with 'contingency preparation' through life insurance, addressing the tendency to not secure sufficient life insurance coverage.

AI News NQ Analysis

Japan's First Group Term Life Insurance "Wealth Term Insurance" for Discretionary Investment Service Users Launched

NQ Score 77/100

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AI Summary (NQ-processed)

WealthNavi Inc. and Dai-ichi Life Insurance Company, Limited have launched "Wealth Term Insurance," a group term life insurance product targeting users of WealthNavi's discretionary investment services. This marks Japan's first such offering, treating WealthNavi's over 460,000 users as a 'group' to provide affordable death benefits. The application process is fully online and can be completed in as little as 5 minutes, aiming to support the working generation in balancing asset management and life insurance needs.

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Frequently Asked Questions

Q: What is the new insurance product launched by WealthNavi and Dai-ichi Life?: A: The new insurance product is called "Wealth Term Insurance," which is a group term life insurance product specifically designed for users of WealthNavi's asset management services.
Q: What makes "Wealth Term Insurance" unique in the Japanese market?: A: This is the first time in Japan that group term life insurance with death benefits is being offered to users of discretionary investment services, making it a pioneering product.
Q: How is "Wealth Term Insurance" made affordable for WealthNavi customers?: A: By leveraging WealthNavi's large service platform with over 460,000 users and combining it with a group insurance scheme, affordable death benefits can be secured for WealthNavi customers.
Q: What is the primary requirement to apply for "Wealth Term Insurance"?: A: To apply for "Wealth Term Insurance," individuals are required to open a WealthNavi asset management service account, which means starting their discretionary investment service.
Q: What societal issue does "Wealth Term Insurance" aim to address for the working generation?: A: The insurance aims to help the working generation better balance 'future preparation' through asset management with 'contingency preparation' through life insurance, addressing the tendency to not secure sufficient life insurance coverage.