ＤＤNEWSRELEASE

May 13, 2021
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Mothers)

Lifenet Launches New Long-term Disability ProductHataraku-Hito 3
Fullｙ support for your long-term disability and for return to your work
TOKYO, May 13, 2021 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President
Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) announces that it will launch sales of new
long-term disability product Hataraku-Hito 3 on June 1, 2021 (scheduled).

Long-term Disability
Hataraku-Hito 3■

What is long-term disability insurance?
Long-term disability insurance differs from conventional medical insurance that provides

support for hospitalization and surgery expenses. This insurance enables policyholders toreceive benefits each month just like a salary when they are ill or injured and unable to work fora long period of time, so they will not experience hardship despite a decrease in income. Lifenet
is the first company in the life insurance industry to begin full-scale sales of this product toindividuals.

■

Three new features of long-term disability insurance, Hataraku-Hito 3
1. Payment terms of long-term disability benefit are easier to understand.

We changed the definition of long-term disability to link it to the public system(disability grades 1 and 2) and make it easier to understand thecircumstances under which disability benefit will be paid.

2. It provides an industry-first*1 new lump-sum benefit for people to support theirreturn to work.

It takes time to restore one’s physical condition and income to the previous
level even after recovering from a disability. We have established newcoverage that provides the industry-first lump-sum benefit to support a return
to work. It prepares for the economic burden of medical treatment costs andother expenses that arise even after returning to work, as well as instancesin which a person is unable to work full-time.

3. It covers short-term hospitalization, and depression and other mental illnesses
in response to customer feedback.
We established a new hospitalization consolation benefit (14 days or longer)
to cover short hospital stays as well. This was added in response tocustomers who also want hospitalization coverage for somewhat shorter
periods of time even though the payment exclusion period has not elapsed.

We established a new lump-sum disability benefit for mental illness to also
cover depression and other mental illnesses. This was added in response tocustomers who also want coverage for mental illnesses.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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ＤＤNEWSRELEASE
Hataraku-Hito 3, our first long-term disability insurance product in five years, does not only
respond to customers’ needs. It was developed based on the new concept of supporting
working people who have become unable to work due to illness or injury in returning to work.
We will also update au Long-term Disability Insurance sold through KDDI CORPORATIONand Seven Financial Service Disability Insurance sold through Seven Financial Service Co., Ltd.
as our agents with the same coverage conditions as Hataraku-Hito 3.*2

■Impact on business performance
The launch of Hataraku-Hito 3 will have a minor impact on ordinary income. Expected

expenditures will be around 234 million yen.

*1 Lifenet research (as of April 30, 2021)*2 We will terminate sales of the currently available long-term disability insurance Hataraku-Hito 2 on May 31, 2021(scheduled). We will also terminate sales of the currently available au Long-term Disability Insurance sold throughKDDI CORPORATION and Long-term Disability Insurance sold through Seven Financial Service Co., Ltd. as ouragents on May 31, 2021 (scheduled).

About LIFENETURL： https://ir.lifenet-seimei.co.jp/en/
Remembering to the original purpose of life insurance - mutual support - LIFENET
INSURANCE COMPANY was founded with the goal of offering simple, convenient, andcompetitively priced products and services based on the highest levels of business integrity. We
sell these products and services directly to customers over the Internet. By using the Internet,
we are able 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/version of the original Japanese document, prepared and provided
solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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