Sumitomo Life Raises Maturity Payout Rate of "Chakin" Insurance, Supporting Young, Inexperienced Investors, to 109.3%
Sumitomo Life announced an increase in the maturity payout rate of its direct channel-exclusive "Chakin" insurance to 109.3%, effective for applications from May 1, 2026. This adjustment, reflecting rising market interest rates, aims to support asset building for young, inexperienced investors, with a monthly premium of 10,000 yen resulting in an additional 19,349 yen at maturity.
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- 📰 Published: April 28, 2026 at 23:00
- 🔍 Collected: April 28, 2026 at 14:31
- 🤖 AI Analyzed: April 28, 2026 at 15:11 (39 min after Collected)
Sumitomo Life Insurance Company (Director and Representative Executive Officer, President: Yukinori Takada; hereinafter "Sumitomo Life") announced that, effective for applications from May 1, 2026 (contract date from June 1, 2026), it will revise the scheduled interest rate for its direct channel-exclusive product "Chakin" (non-participating savings insurance with accidental death benefit) and raise the maturity payout rate to 109.3%, in response to rising market interest rates. This change will increase the maturity insurance payment by 19,349 yen for a monthly premium of 10,000 yen.
"Chakin" has been well-received for its features: "100% or more of premiums paid back regardless of when cancelled" and "steadily grows if saved until maturity."
Sumitomo Life, under its "Expanded Insurance" concept, which aims to broaden the value of insurance itself and contribute to customers' well-being, will continue to promote initiatives that meet customers' asset formation needs.
[Specific example of payout amount] For a monthly premium of 10,000 yen
*Please check the dedicated website for product details and application. You can also access it via the QR code held by Chakin-chan below.
Furthermore, "Chakin" was ranked No. 1 in the 2026 Oricon Customer Satisfaction® Survey for Savings Insurance (Expert Evaluation)*.
* [Savings Insurance (Expert Evaluation)] https://www.sumitomolife.co.jp/about/newsrelease/pdf/2025/260105.pdf
(Reference) Chakin Price Details
[For a monthly premium of 10,000 yen]
(Reference) Chakin Mechanism
*It is the industry's first life insurance product that allows applications to be completed entirely online, "increases monthly from the first month," and "returns 100% or more at any time" (according to Sumitomo Life research, as of April 2026).
a. Coverage details
b. Transition of surrender value *For a monthly premium of 50,000 yen
c. Various contract standards
*Contract age is calculated based on the insured's full age at the contract date. The insured's age for insurance purposes is calculated by adding one year to the contract age on each annual contract anniversary.
"Chakin" has been well-received for its features: "100% or more of premiums paid back regardless of when cancelled" and "steadily grows if saved until maturity."
Sumitomo Life, under its "Expanded Insurance" concept, which aims to broaden the value of insurance itself and contribute to customers' well-being, will continue to promote initiatives that meet customers' asset formation needs.
[Specific example of payout amount] For a monthly premium of 10,000 yen
*Please check the dedicated website for product details and application. You can also access it via the QR code held by Chakin-chan below.
Furthermore, "Chakin" was ranked No. 1 in the 2026 Oricon Customer Satisfaction® Survey for Savings Insurance (Expert Evaluation)*.
* [Savings Insurance (Expert Evaluation)] https://www.sumitomolife.co.jp/about/newsrelease/pdf/2025/260105.pdf
(Reference) Chakin Price Details
[For a monthly premium of 10,000 yen]
(Reference) Chakin Mechanism
*It is the industry's first life insurance product that allows applications to be completed entirely online, "increases monthly from the first month," and "returns 100% or more at any time" (according to Sumitomo Life research, as of April 2026).
a. Coverage details
b. Transition of surrender value *For a monthly premium of 50,000 yen
c. Various contract standards
*Contract age is calculated based on the insured's full age at the contract date. The insured's age for insurance purposes is calculated by adding one year to the contract age on each annual contract anniversary.