NEWS RELEASE
June 22, 2017
Daisuke Iwase, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Lifenet Launches of Cancer Insurance for Workers,“Lifenet Cancer Insurance Double Yell”
Supporting those who are working while being treated for cancer
with two benefits to cover treatment expenses and income decreases
TOKYO, June 22, 2017 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President
Daisuke Iwase, URL: http://ir.lifenet-seimei.co.jp/en) hereby announces that it has resolved at
the meeting of its Board of Directors to launch its new product “Lifenet Cancer Insurance Double
Yell” on August 1, 2017 (planned).
*1

In recent years, the relative survival rate for cancer has risen to 62.1% through advances inmedical technology and others and approximately 75% of cancer patients continue working while*2

receiving treatment after a cancer diagnosis . In such cases, in addition to needing to balance
work and treatment, around 60% of cancer patients face the challenge of income decreases*2compared with before suffering cancer.
“Lifenet Cancer Insurance Double Yell” is its cancer insurance based on a new concept of“backing up those who are working while being treated for cancer” with double support,
consisting of “Treatment support benefit” which covers major cancer treatments, and “Incomesupport benefit,” which supplements for the income decreases after suffering cancer.
*1 Data from National Cancer Center*2 Data from Bureau of Social Welfare and Public Health, Tokyo Metropolitan Government

Lifenet Cancer Insurance
ライフネットのがん保険
Double Yell
Wエールダブル

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NEWS RELEASE
Features of “Lifenet Cancer Insurance Double Yell”
1. Provides double support for treatment expenses and income decreases
 “Treatment support benefit” for the three main treatments including surgery
 “Income support benefit” for the decrease in income after suffering cancer
2. Offers extensive coverage with reasonable premiums
 Policyholders may receive “Lump-sum payment upon cancer diagnosis” and “Lump-sumpayment upon intraepithelial neoplasm diagnosis” when first diagnosed with cancer(malignant neoplasm).
 Simple Plan offers reasonable premiums of 1,209 yen/month for a 30-year old male and1,437 yen/month for a 30-year old female (for lump-sum payment upon cancer diagnosis of
1 million yen).
 “Advanced medical care benefit for cancer treatment” also covers up to total of 20 million
yen for the advanced medical care expenses that are not covered by public insurance.
3. Introduces to full Survivorship Support Services for working while being treated forcancer.
 Introduction to various services such as “housekeeping services”, “information provision
about cancer” and “second opinion”
1. Background of Product Development -Changes in the environment around cancer
treatment and employmentIn 2012, about one third of cancer patients suffered from cancer at working age from 20 to 64,*1

and there were 260,000 of these patients . Through advances in medical technology and others,
the five-year survival rate for cancer rose from 56.9% between 2000 and 2002 to 62.1% between*12006 and 2008 , and cancer has changed from being a “fatal disease” to being a “disease that islived with for a long time.”
In this situation, when balancing cancer treatment and work, not only prolonged treatment
expenses, but also decreased income due to suffering cancer become major issues.
*2

Approximately 60% of cancer patients experience a decrease in income after suffering cancer ,and the income of about 60% of these patients was less than 70% of the level before suffering*3cancer . When being treated for cancer while working, it is necessary to be ready in advance fortreatment expenses and income decreases.
In the face of this circumstance, in its Basic Plan to Promote Anti-Cancer Measures (the thirdphase), Japan’s Ministry of Health, Labour and Welfare is looking into the employment of cancer
patients and others as well as cancer treatment based on the theme of “coexisting with cancer.”
In addition, the Action Plan for the Realization of Work Style Reform by the Japanese
government acknowledged cancer treatment and employment as a social issue, which includes
the incorporation of balance in treatment for disease and work.
Lifenet has been selling long-term disability insurance ahead of the life insurance industry
since 2010 and promoting support for those who have difficulties working due to cancer withlong-term disability benefit payments. On the other hand, approximately 75% of cancer patients
continue working while receiving treatment after a cancer diagnosis*2

through advances inmedical technology and others. Under this circumstance, Lifenet recognized the necessity tostrengthen the coexistence support.
Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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NEWS RELEASE
Based on the change in the environment mentioned above and customer opinions, Lifenet hasdeveloped the new product “Lifenet Cancer Insurance Double Yell” to support those who areworking while being treated for cancer. In addition to a lump-sum payment when diagnosed withcancer, Lifenet offers “Treatment support benefit” which covers even prolonged treatment withno limit on the number of treatments, including surgery, radiation therapy and therapy withanti-cancer agents (includes hormone therapy), and “Income support benefit” up to a maximumof five times in order to supplement a decrease in income and living expenses after sufferingfrom cancer.
*1 Data from National Cancer Center*2 Data from Bureau of Social Welfare and Public Health, Tokyo Metropolitan Government*3 Data from Ministry of Health, Labour and Welfare

2. Coverage
The coverage of “Lifenet Cancer Insurance Double Yell” is as below.
Based on the “Lump-sum payment upon cancer diagnosis,” it backs up treatment for cancer
while working after suffering cancer with the addition of two benefits consisting of “Treatment
support benefit” and “Income support benefit” as necessary. Moreover, “Lifenet Cancer
Insurance Double Yell” provides support for both direct costs such as cancer treatment expenses
and hospitalization expenses in addition to associated costs such as advanced medical careexpenses and care products such as wigs needed by the side effects from therapy with
anti-cancer agents and supplements.
■Case

Age at issue: 20 to 70, Insurance term: Whole-life*Advanced medical care benefit for cancer treatment can only be added to Basic Plan and Premium Plan.

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NEWS RELEASE
Lump-sum payment uponcancer diagnosis
Lump-sum payment upon
Intraepithelial neoplasmdiagnosis

Treatment support benefit

Income support benefit

Advanced medical carebenefit for cancer
treatment
Premium waiver

Coverage
Pays a lump-sum when the customer is first diagnosed withcancer during the insurance term on and after the inception date(select from 1 million yen to 3 million yen in 500,000 yen units).
Pays 50% of the lump-sum payment upon cancer diagnosis
when the customer is diagnosed with an intraepithelial
neoplasm during the insurance term on and after the inception
date.
Pays up to 100,000 yen once a month in each month when thedate of a relevant payment event falls for (1) surgery, (2)radiation therapy, (3) therapy with anti-cancer agents (includes
hormone therapy) directly due to cancer or an intraepithelial
neoplasm with no limit on the number of treatments.
Starting the year following payment of the lump-sum payment
upon cancer diagnosis, in the event that the customer survives,
pays 50% of the lump-sum payment upon cancer diagnosis
once a year for up to a maximum of five times.
Pays up to 20 million yen in total for the amount of technical fees
when receiving treatment through advanced medical caredirectly due to cancer with a confirmed diagnosis on or after theinception date.
Premium payments are waived following a confirmed diagnosisof cancer. (In the case of the Simple Plan, the policy terminates.)

3. Introduction to Survivorship Support Services
In order to support those who are working while being treated for cancer, Lifenet plans to
introduce services that are helpful in the lives of customers during and after treatment for cancer
through various means. These services include “housekeeping services,” “information provision
about cancer,” “second opinion” and “appearance care” are provided in collaboration with partnercompanies as Survivorship Support Services.
Lifenet aims that ongoing support that goes beyond the provision of coverage and payment ofbenefits is required to continue cancer treatment while working after suffering from cancer
through sales of “Lifenet Cancer Insurance Double Yell.”

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4NEWS RELEASE
4. Monthly Premiums
The monthly premiums for “Lifenet Cancer Insurance Double Yell” are shown as below.
Coverage: Lump-sum payment upon cancer diagnosis 1 million yen, Treatment support benefit
100,000 yen, Income support benefit 500,000 yen, Advanced medical care benefit for cancer
treatment(JPY)

SexMaleFemale

Simple PlanPremium
Basic PlanPremium Plan

895

1,759

2,644

30 y/o

1,209

2,341

3,646

40 y/o

1,735

3,307

5,297

50 y/o

2,661

5,006

8,211

20 y/o

1,104

2,138

3,428

30 y/o

1,437

2,793

4,663

40 y/o

1,798

3,523

6,073

50 y/o

2,110

4,122

7,122

Age atissue
20 y/oLifenet believes that the basis of offering services that are trusted by its customers is full
information disclosure. Based on this belief, Lifenet is fully disclosing the loading expenses,
which represent the portion of the premiums that cover a life insurance company’s operating
expenses, for all products. As an example, the breakdown of the net premiums and the loading
expenses for customers aged 30 at issue are as shown below.
(JPY)
Sex

Age atissue
PremiumMale

30 y/oNetpremiums
Loading
expenses
Premium

Female30 y/oNetpremiums
Loading
expenses

Simple Plan

Basic Plan

1,209

2,341

3,646

799

1,563

2,670

410

778

976

1,437

2,793

4,663

1,009

1,959

3,564

428

834

1,099

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Premium Plan5NEWS RELEASE5. Effect on business performanceWith respect to the effect from the launch of “Lifenet Cancer Insurance Double Yell” on its
business performance, the effect on ordinary income is expected to be immaterial, and theexpected expenditure is around 160 million yen including system development expenses to berecorded as assets.

About LIFENET (URL： http://ir.lifenet-seimei.co.jp/en/)
Returning to the original purpose of life insurance - mutual support - LIFENET
INSURANCE was founded with the goal of offering simple, convenient and competitively
priced products and services based on the highest levels of business integrity. We sell theseproducts and services directly to customers over the Internet. By using the Internet, we areable to offer highly cost-competitive products and accept applications from customers at any
given time.
Contact:
Investor Relations, Corporate Planning DepartmentTel:+81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solelyfor readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

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