Restriction of sales of single-premium savings products
First written in FY2017-Q3. 3 of 6 entries say "Restated". Latest entry: FY2019-Q2.
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- FY2019-Q2AdvancedAnnual report
「Due in part to a decline in the provision for policy reserves and other items at The Dai-ichi Life Insurance Company, Limited resulting from the launch of new products involving a revision of assumed interest rates」
In connection with Dai-ichi Life's shift in sales toward protection-type products and curbing of savings-type product sales, new products involving a revision of assumed interest rates were launched, contributing to a decline in the provision for policy reserves and other items. - FY2018-Q3RestatedAnnual report
「Ordinary revenue from the domestic life insurance business increased by ¥364.3 billion year on year to ¥4.193 trillion, up 9.5%, as the decline in premium and other income at The Dai-ichi Life Insurance Company, Limited resulting from the shift in sales toward protection-type products and the curbing of savings-type product sales was more than offset by sales growth at Dai-ichi Frontier Life Insurance Co., Ltd., which captured persistent demand for savings-type products, among other factors.」
Dai-ichi Life continues to shift sales toward protection-type products and curb sales of savings-type products. - FY2018-Q2RestatedAnnual report
「At The Dai-ichi Life Insurance Company, Limited, premium and other income declined as a result of shifting sales toward protection-type products and curbing sales of savings-type products, among other factors.」
Dai-ichi Life continued to shift sales toward protection-type products and curb sales of savings-type products, resulting in a 15.9% year-on-year decline in premium and other income. - FY2018-Q1ReframedAnnual report
「At The Dai-ichi Life Insurance Company, Limited, premium and other income declined as a result of shifting sales toward protection-type products and curbing sales of savings-type products, among other factors.」
In addition to the wording about curbing sales of single-premium savings-type products, the direction of the measures was made explicit as a shift in sales toward protection-type products. - FY2017RestatedAnnual report
「As a result of restricting sales of single-premium savings products in the Domestic Life Insurance Business, the resulting decrease in premium and other income, among other factors,」
The Company explained that, as a result of continuing to restrict sales of single-premium savings products, premium and other income in the Domestic Life Insurance Business decreased 17.7% year on year. - FY2017-Q3First statedAnnual report
「The decrease in premium and other income was attributable in part to the restriction of sales of single-premium savings products in the Domestic Life Insurance Business.」
The Company cited the restriction of sales of single-premium savings products in the Domestic Life Insurance Business and Dai-ichi Frontier Life in multiple places as a factor affecting changes in business performance.