According to a survey conducted in 2021, 59 percent of the respondents in Japan stated they had purchased life insurance for medical and hospitalization expenses, making this the leading reason to purchase life insurance. Around 52.4 of the respondents stated to have purchased life insurance to provide for their families in the event of an emergency.
Reasons to purchase life insurances by policyholders in Japan from 2009 to 2021
among general households with two or more members; multiple answers possible
Method of interview
Questionnaire
Supplementary notes
*Number of respondents of the survey conducted in 2021. The survey was conducted between April 16 and May 16, 2021.
Sample size of previous surveys:
2018: n=3,983
2015: n=4,020
2012: n=4,063
2009: n=4,054
The survey sample was selected using a two-stage stratified random sampling method.
The survey results refer to respondents who have purchased life insurance offered by private life insurance companies within five years prior to each survey.
The Japan Post Insurance is excluded from the figures.
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Japan Institute of Life Insurance. (December 20, 2021). Reasons to purchase life insurances by policyholders in Japan from 2009 to 2021 [Graph]. In Statista. Retrieved January 22, 2022, from https://www.statista.com/statistics/755439/japanese-consumers-reasons-purchase-life-insurance/
Japan Institute of Life Insurance. "Reasons to purchase life insurances by policyholders in Japan from 2009 to 2021." Chart. December 20, 2021. Statista. Accessed January 22, 2022. https://www.statista.com/statistics/755439/japanese-consumers-reasons-purchase-life-insurance/
Japan Institute of Life Insurance. (2021). Reasons to purchase life insurances by policyholders in Japan from 2009 to 2021. Statista. Statista Inc.. Accessed: January 22, 2022. https://www.statista.com/statistics/755439/japanese-consumers-reasons-purchase-life-insurance/
Japan Institute of Life Insurance. "Reasons to Purchase Life Insurances by Policyholders in Japan from 2009 to 2021." Statista, Statista Inc., 20 Dec 2021, https://www.statista.com/statistics/755439/japanese-consumers-reasons-purchase-life-insurance/
Japan Institute of Life Insurance, Reasons to purchase life insurances by policyholders in Japan from 2009 to 2021 Statista, https://www.statista.com/statistics/755439/japanese-consumers-reasons-purchase-life-insurance/ (last visited January 22, 2022)
