Lifenet Insurance Company (7157) · RiskRestated
Changes to the Social Security System and Life Insurance Premium Deduction System
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
2entries
2years
0from disclosures
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Impact of changes to the social security and life insurance premium deduction systems on life insurance salesA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
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- FY2018RestatedAnnual report
「In addition, if the life insurance premium deduction system, which encourages individuals to enhance their private protection, is reduced or abolished as a result of tax reform, the acquisition of new policies by the Company, and consequently the Company's performance, may be adversely affected.」
The Company continues to disclose the potential impact of changes to the social security system and life insurance premium deduction system on product appeal and new policies. - FY2017First statedAnnual report
「In addition, if the life insurance premium deduction system, which encourages individuals to enhance their private protection, is reduced or abolished as a result of tax reform, the number of new policies written by the Company, and consequently the Company's performance, may be adversely affected.」
The Company identifies as a new risk the possibility that changes to the social security system or life insurance premium deduction system could reduce the appeal of its products and the number of new policies written.