Japan's First Group Term Life Insurance "Wealth Term Insurance" for Discretionary Investment Service Users Launched
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77/100
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8
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," a group term life insurance specifically 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.
- Q: How can "Wealth Term Insurance" be applied for by WealthNavi customers?
- A: The application process for "Wealth Term Insurance" is completed entirely online, leveraging WealthNavi's service platform.
- Q: What is the primary motivation behind offering "Wealth Term Insurance" to WealthNavi users?
- A: The offering is driven by the need for the working generation to balance 'future preparation' through asset management and 'contingency preparation' through life insurance, addressing insufficient coverage.
- Q: What is a prerequisite for applying for "Wealth Term Insurance"?
- A: To apply for "Wealth Term Insurance," it is required to open a WealthNavi asset management service account and start the discretionary investment service.