Sony Life to Begin Offering New Products: Whole Life Nursing-care Insurance (Reduced Surrender Value), Lump-sum Payment Nursing-care Rider, and Discount Rider for Nonsmokers and Others in Excellent Health for Decreasing Term Life Insurance
October 15, 2010
Sony Life Insurance Co., Ltd., a wholly owned life insurance subsidiary of Sony Financial Holdings, will commence sales of a new product, Whole Life Nursing-care Insurance (reduced surrender value) as well as Lump-sum Payment Nursing-care Riders on November 2, 2010. By adding such reasonably priced nursing-care insurance products, these new offerings are in line with Sony Life's efforts to meet diverse customer needs.
Moreover, Sony Life will apply a Discount Rider for Nonsmokers and Others in Excellent Health to Decreasing Term Life Insurance (including riders), which has been already applied to family income insurance. Customers who satisfy Sony Life's required health and smoking criteria will be able to reduce their insurance premiums.
- Whole Life Nursing-care Insurance (reduced surrender value) and Lump-sum Payment Nursing-care Riders
This new nursing-care product allows Sony Life to offer reasonably priced insurance premiums than current products as it has no death protection or surrender benefits. - Applying a Discount Rider for Nonsmokers and Others in Excellent Health to Decreasing Term Life Insurance (including riders)
The Discount Rider for Nonsmokers and Others in Excellent Health will be applied to Decreasing Term Life Insurance (including riders), which has been already applied to family income insurance (including riders and special provisions for living standard insurance).
Note: This is an English-language summary of a Japanese announcement made by Sony Life on October 15, 2010. The summary was prepared by Sony Financial Holdings Inc. solely for the convenience of non-Japanese readers.
