November 10, 2021
JAPAN POST INSURANCE Co., Ltd. (Chiyoda-ku, Tokyo; SENDA Tetsuya, Director and President, CEO, Representative Executive Officer; hereinafter, the “Company”) hereby announces that the Company has filed a notification on revisions to medical riders and other matters with the Commissioner of the Financial Services Agency and the Minister for Internal Affairs and Communications, pursuant to provisions of Article 138-2, Paragraph 1 of the Postal Service Privatization Act (Act No. 97 of 2005).
The Company is scheduled to launch the products from April 2022 onwards.
Outline of Insurance of Newly Underwrite
he Company will revise and improve the contents of medical rider and enlarge
medical coverage.
- Medical rider with revised benefits
(1) Benefits details
A. Hospitalization benefit
An amount equivalent to 0.1% of the standard insured amount of the rider per
day of hospitalization is to be paid.
B. Lump-sum hospitalization benefit
An amount equivalent to 20 times the daily hospitalization benefit is to be paid
on the first day, as well as on the 30th day, the 60th day, the 90th day, and the
120th day, of hospitalization, on top of the hospitalization benefit.
For cautions sake, total number of payment is limited within 20 times, each for
disease and injury.
C. Surgery benefit
Surgery benefit is to be paid for surgeries listed as covered in the calculation of
surgery fees as well as advanced medical care, in the table for medical fee points
under the public health insurance system. An amount equivalent to 10 times the
daily hospitalization benefit is to be paid.
D. Radiotherapy benefit
Radiotherapy benefit is to be paid for treatments listed as covered in the
calculation of radiotherapy treatment as well as advanced medical care, in the
table for medical fee points under the public health insurance system. An amount
equivalent to 10 times the daily hospitalization benefit is to be paid.
(2) Insured amount
The standard insured amount of this rider shall be not more than five times the
standard insured amount of its basic policy.
(3) Method of insurance underwriting
Underwriting shall require submission of a declaration from the insured, but not
health examination by a doctor.
- Medical rider with revised benefits and relaxed underwriting criteria
(1) Benefits details
A. Hospitalization benefit
An amount equivalent to 0.1% of the standard insured amount of the rider per
day of hospitalization is to be paid.
B. Lump-sum hospitalization benefit
An amount equivalent to 10 times the daily hospitalization benefit is to be paid
on the first day, as well as on the 30th day and the 60th day, of hospitalization, on
top of the hospitalization benefit.
For cautions sake, total number of payment is limited within 40 times, each for
disease and injury.
C. Surgery benefit
Surgery benefit is to be paid for surgeries listed as covered in the calculation of
surgery fees as well as advanced medical care, in the table for medical fee points
under the public health insurance system. An amount equivalent to 10 times the
daily hospitalization benefit is to be paid.
D. Radiotherapy benefit
Radiotherapy benefit is to be paid for treatments listed as covered in the
calculation of radiotherapy treatment as well as advanced medical care, in the
table for medical fee points under the public health insurance system. An amount
equivalent to 10 times the daily hospitalization benefit is to be paid.
For A through D above, an amount calculated based on the standard insured
amount of rider reduced by 50% is to be paid in the event where cause for payment
occurs within one year of the policy completion date.
(2) Insured amount
The standard insured amount of this rider shall be not more than five times the
standard insured amount of its basic policy.
(3) Method of insurance underwriting
Underwriting shall require submission of a declaration from the insured, but not
health examination by a doctor.