#Japan #Tokyo #Insurance Survey #Fukoku Life #47Life

Insights from a Nationwide Insurance Survey

In a recent initiative by Fukoku Life, the popular financial information platform, 47Life, a survey was conducted to gather insights regarding fire and earthquake insurance across Japan. This survey targeted individuals in their 20s to 50s, aiming to uncover trends and differences in insurance premiums across the country's 47 prefectures.

Overview of the Survey

The survey posed two critical questions:
1. Are you insured against fire and earthquakes?
2. What are your annual insurance premiums? For those who have opted for lump-sum payments over multiple years, the request was to convert their premiums into annual figures.

Results of Insurance Premium Rankings

The findings revealed varied annual premiums across prefectures. Here are the highlights:

• - 1st Place: Kumamoto Prefecture - ¥48,302
• - 2nd Place: Fukushima Prefecture - ¥48,070
• - 3rd Place: Tokushima Prefecture - ¥47,966

Other notable results included Tokyo at ¥44,762 and Kanagawa at ¥42,500. The average premium nationally was recorded at ¥37,988, nestled between Kochi and Wakayama prefectures.

Premium Distribution Overview

Interestingly, the dispersion of insurance premiums indicated a significant proportion of respondents selecting the lower end of the scale. Here’s how the data broke down:

• - Less than ¥10,000: 10%
• - ¥10,000 to ¥30,000: 25%
• - ¥30,000 to ¥50,000: 13%
• - ¥50,000 and above: 17% (combined for higher tiers)
• - Uncertain/Prefer not to say: 35%

This data suggests a strong hesitation among respondents about their insurance costs.

Participation in Insurance Policies

When analyzed for participation in insurance policies, the survey uncovered that:

• - Both fire and earthquake insurance: 52%
• - Only fire insurance: 27%
• - Neither: 18%

These insights illustrate a prevalent awareness and participation in fire and earthquake insurance among the Japanese population.

Conclusion and Future Outlook

This survey highlights the vital role that insurance plays in personal financial strategies, especially in a country like Japan, where natural disasters are a significant concern. Fukoku Life, through 47Life, continues to provide valuable insights aimed at aiding individuals in making informed financial decisions regarding crucial aspects of their lives. The hope is that this data not only integrates into discussions among friends and family but also promotes a proactive approach towards insurance and financial planning.

For more comprehensive findings, you can explore the full survey at 47Life.

About Fukoku Life and 47Life

Fukoku Life, established for over a century, is dedicated to providing insurance solutions that resonate with people's life moments, connecting deeply with community needs. Their informative platform, 47Life, elucidates financial matters that concern daily life, helping individuals navigate through their questions regarding major life events. Whether it’s transitioning into a new job or planning for retirement, 47Life remains committed to empowering lives with actionable financial insights.