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SOURCE ROOM

Policyholder Protection System Q&A Q12: Compensation details in case a life insurance company fails.

Life Insurance Policyholders Protection Corporation of Japan.

Claims Supported by This Source

  1. The Insurance Business Act stipulates that covered policies, excluding high-yield policies, are protected up to 90% of the policy reserves at the time of failure.
  2. When insurance policies are transferred, the underlying rates, such as the assumed interest rate, may be changed, which can result in a reduction of the insured amount.

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