NEWS RELEASE
October 13, 2022
Sumitomo Mitsui Card Company, Limited
LIFENET INSURANCE COMPANY
LIFENET MIRAI Inc.

Sumitomo Mitsui Card, Lifenet, and Lifenet MIRAI
Conclude Business Alliance Agreement
to Collaborate on Online Life Insurance Business
TOKYO, October 13, 2022 – Suimitomo Mitsui Card Company, Limited (President: Yukihiko Onishi, URL:
https://www.smbc-card.com “SMCC”), LIFENET INSURANCE COMPANY (President: Ryosuke Mori, URL:
https://ir.lifenet-seimei.co.jp/en/ “Lifenet”), and LIFENET MIRAI Inc. (President: Takahito Kanasugi, URL:
https://www.lifenet-mirai.co.jp/ “Lifenet MIRAI”) announced that the three companies have entered into abusiness alliance agreement to collaborate on the online life insurance business to create customer
experiences that respond to new lifestyles.

1. Purpose and Outline of the Alliance
In recent years, financial services for individuals have been progressing along with the advancement ofdigitalization, the emerging players from other industries, and so on. Various financial domains, including
cashless payment, asset formation, asset management and consumer finance, are closely intertwined witheach other. Under this business environment, to keep being continuously supported and valued by ourcustomers, we believe that it is important to provide services in the optimal combination for our customers
based on a thorough customer-centered approach and beyond the framework of the corporate group.
The alliance will leverage the strengths of the three companies: (1) SMCC's customer base and analysis
technology about huge amount of cashless data; (2) Lifenet's expertise as an online life insurance company
and know-how regarding customer experiences; and (3) Lifenet MIRAI's insurance services development
and operational support for online insurance. We aim to provide new insurance products and services tocustomers using Vpass, the SMCC membership website.

2. Initiatives in the Alliance
The three companies will consider the provision of new insurance products, various data-driven
marketing, and the joint development of digital approach tools for insurance selection online and a digital
insurance store for product comparison.
SMCC, Lifenet and Lifenet MIRAI will work together to provide customers with safer and more convenient
digital-based customer experiences.

13. Company’s Information■ About SMCC
Firm Name

Sumitomo Mitsui Card Company, Limited

FoundedDecember 26, 1967

Address

Headquarters TOKYO: 2-2-31, Toyosu, Koto-ku, Tokyo
Headquarters OSAKA: 4-5-15, Imabashi, Chuo-ku, Osaka, Osaka

Capital stock

34.03 billion yen（as of March 31, 2022）

Representative

Yukihiko Onishi, President

Business

Business about Credit Card, Payment on Debit Card, Pre-paid Card and etc,
Finance Loan, Credit Guarantee Business, Gift Card Business and etc.

■ About Lifenet
Firm Name

LIFENET INSURANCE COMPANY

FoundedOctober 23, 2006

Address

2-14-2, Kojimachi, Chiyoda-ku, TokyoCapital Stock21.655 billion yen（as of March 31, 2022）

Representative

Ryosuke Mori, President

Business

Life Insurance Business■ About Lifenet MIRAI
Firm Name

LIFENET MIRAI Inc.

FoundedMay 10, 2021

Address

2-14-2, Kojimachi, Chiyoda-ku, Tokyo

Capital Stock

350 million yen (including capital reserve, as of September 30, 2022)

Representative

Takahito Kanasugi, President

Business

Insurance Agency Business, etc.

Media Inquiries
Firm Name

Contact

Sumitomo Mitsui Card
Company, Limited

Public Relations Section, Corporate Planning Department,
Mail：public_relations@smbc-card.com

LIFENET INSURANCECOMPANY

Public Relations, Corporate Planning Department,
Mail：ir@lifenet-seimei.co.jp

LIFENET MIRAI Inc.

Corporate Department,
Mail：info@lifenet-mirai.co.jp

Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solely forreaders' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

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