Value of group life insurance policies in force in Japan 2022, by type
The value of group credit life insurance policies in force in Japan amounted to approximately 215.5 trillion Japanese yen in the fiscal year 2022. Group credit life insurance is a form of mortgage insurance purchased by a borrower that protects lenders, such as banks, against loan defaults. Group credit insurance accounted for more than 50 percent of all group life insurance policies in force during that year.