FWD Life Insurance Announces Reduction in Certain Fees for 'FWD Yen-Denominated Single Premium Variable Annuity'

FWD Life Insurance Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Tsuyoshi Ijichi; hereinafter 'FWD Life') announces a reduction in the 'fees related to the calculation, publication, and other operations of the reference index for index-linked bonds' for its variable annuity insurance with a guaranteed annuity principal, the 'FWD Yen-Denominated Single Premium Variable Annuity'. 【Overview and Timing of Revision】 To improve investment efficiency, FWD Life will implement a reduction in the 'fees related to the calculation, publication, and other operations of the reference index for index-linked bonds' (*) for the FWD Yen-Denominated Single Premium Variable Annuity, effective April 1, 2026 (Wednesday). The details of the revision are as follows: * The 'fees related to the calculation, publication, and other operations of the reference index for index-linked bonds' are costs incurred against the reference index of the index-linked bonds, which are the primary investment target of the special account for this annuity. These costs are reflected in the unit price and are indirectly borne by the customer. This reduction will also apply to existing policyholders. Please refer to the [Appendix] for details regarding the various fees and risks borne by customers. About FWD Life Insurance Co., Ltd. The FWD Group is listed on the Main Board of the Stock Exchange of Hong Kong and operates life insurance businesses in 10 markets across Asia. Since its founding in August 1996, FWD Life has aimed to 'change the way people feel about insurance.' With a focus on the customer perspective, the company provides simple, easy-to-understand, and unique products and services, currently managing over 2 million policies. It continues to strive to become a leading insurance company in Asia as part of the FWD Group. In the 'NEW Good Insurance/Bad Insurance 2026 Edition' (Tokuma Shoten) released on November 28, 2025, 'FWD Income Protection' was ranked No. 1 for the seventh consecutive year since its launch in 2018. For more information, please visit www.fwdlife.co.jp. 【Appendix】 Regarding Fees Borne by Customers The total cost of this insurance is the sum of the following. Please note that some of these fees may be subject to change in the future. ■ During the Investment Period 1. Fees for the Fixed-Rate Portion These are costs necessary for the conclusion and maintenance of the contract, as well as costs required to guarantee the death benefit (insurance-related expenses). They are deducted in advance when determining the accumulation interest rate. As these rates may vary depending on the contract date and investment period, they cannot be stated as a uniform figure. 2. Fees for the Investment-Linked Portion