Japan's First Group Term Life Insurance "Wealth Term Insurance" for Discretionary Investment Service Users Launched

WealthNavi Inc. (Headquarters: Shinagawa-ku, Tokyo; Representative Director and CEO: Kazuhisa Shibayama) and Dai-ichi Life Insurance Company, Limited (Headquarters: Chiyoda-ku, Tokyo; Representative Director and President: Shunsuke Sumino) have begun offering "Wealth Term Insurance," a group insurance product for customers using WealthNavi's asset management services. This is the first time in Japan (※1) that group term life insurance with death benefits is offered to users of discretionary investment services. "Wealth Term Insurance" is a group term life insurance exclusively for WealthNavi customers, with the application process completed online. By combining WealthNavi's service platform, used by over 460,000 people (※3) – the largest number in Japan for discretionary investment services (※2) – with a group insurance scheme, affordable death benefits can be secured. Group insurance is often introduced as part of welfare programs for members of a specific 'group,' such as company employees. By positioning WealthNavi customers as a 'group,' it has become possible to offer insurance products that leverage the unique benefits of group insurance to WealthNavi users. To apply for "Wealth Term Insurance," opening a WealthNavi asset management service account (starting discretionary investment service) is required. The background for offering "Wealth Term Insurance" is the indispensable and important challenge for the working generation to balance 'future preparation' through asset management and 'contingency preparation' through life insurance. While life insurance penetration is high at about 90% (※4), the amount of life insurance coverage against the necessary death benefit amount remains at about 50% (※5), indicating a tendency not to secure sufficient coverage. Furthermore, the importance of asset management for the working generation is increasing as preparation for future living expenses and retirement funds. Against this backdrop, Dai-ichi Life, which has supported customer peace of mind since its founding in 1902, and WealthNavi, used by over 460,000 customers (※3) primarily from the working generation, have combined their strengths to create synergy between 'life insurance' and 'asset management' by launching "Wealth Term Insurance." "Wealth Term Insurance" is a group term life insurance that allows the working generation to secure necessary coverage while keeping insurance premiums affordable. By redirecting surplus funds saved on premiums to asset management, it is expected to accelerate asset formation for the future. Through the provision of "Wealth Term Insurance," WealthNavi and Dai-ichi Life aim to spread it as one of the rational options for the working generation in Japan to simultaneously achieve 'contingency preparation' and 'future preparation,' and continue to contribute to the safe and prosperous lives of individuals. Key features of "Wealth Term Insurance": 1. Affordable premiums unique to group insurance. WealthNavi acts as the policyholder and handles administrative procedures, and by utilizing its service platform with over 460,000 customers (※3), operating costs are suppressed, achieving affordable premiums. "Wealth Term Insurance" is a term insurance that provides death benefits for a fixed period. By securing necessary coverage only for the required period, such as 'until children become independent' or 'until retirement,' the burden of insurance premiums can be reduced. The stated premiums are for April 2026 to March 2027. This is an example. Premiums vary depending on enrollment details (insured amount, insured age, gender, premium rate according to the number of insured persons, applicability of 'Kenko Oen Wari,' etc.). 2. Application process as short as 5 minutes (※6). Easy to do with just a smartphone. The application process is completed online in as little as 5 minutes (※6). Even without specialized knowledge or time due to work or childcare, applications can be made easily with just a smartphone during free time. When joining individual insurance, detailed health declarations and medical examinations by doctors are often required, but "Wealth Term Insurance" only requires simple disclosures.