NEWS RELEASE
May 11, 2023
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)Lifenet to Offer Group Credit Life Insurance
for au Jibun Bank’s Mortgage Loan Borrowers
Expand business domain to group credit life insurance in July 2023
TOKYO, May 11, 2023 – LIFENET INSURANCE COMPANY (TSE Growth 7157, President
Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/, hereafter, “Lifenet”) announces that the Board ofDirectors has decided to start offering a group credit life insurance for mortgage loan borrowers of auJibun Bank Corporation (hereafter, “au Jibun Bank”) from July 1, 2023 (planned), as its first groupcredit life insurance business since business commencement.

✕■Background and Outline of the Group Credit Life Insurance Business
Lifenet has been focusing on “innovation of customer experience” and “enhancement of promotion
capabilities” and aims to provide customers with new value in life insurance. As part of such initiatives,
Lifenet has concluded a three-company business alliance agreement with KDDI CORPORATION(hereafter, “KDDI”), and au Financial Holdings Corporation (hereafter, “au Financial Holdings”), anintermediate financial holding company that is a wholly owned subsidiary of KDDI. Through thisalliance, we have focused on offering insurance products and services utilizing the brand power andbroad customer base of the KDDI Group.
As part of these efforts, in August 2022, Lifenet concluded a business alliance agreement in thegroup credit life insurance with au Jibun Bank, a member of the KDDI Group, and both companies
have been preparing to provide products and services.
About the group credit life insurance policy, the creditor of the mortgage loan including bank is apolicyholder and an insurance beneficiary, and the borrower receiving the mortgage loan from thebank is an insured person. From July 2023, Lifenet will become the underwriting insurance companyof the group credit life insurance in the mortgage loan business of au Jibun Bank. In the event of thedeath of mortgage loan borrowers, Lifenet will pay insurance claims equivalent to their outstandingbalance of mortgage to au Jibun bank on behalf of them.
For Lifenet, this new business represents a new challenge and a new step toward further
enhancement of corporate value through the expansion of our business domains.
In addition, au Jibun Bank was the first Japanese bank*1 which started providing the online
mortgage loans in 2015. It has been steadily growing, and cumulative amount of mortgage loans
exceeded 2.5 trillion yen in November 2022, mainly as a result of attractive interest rates.
We will strive to deliver attractive insurance products and services to as many customers as
possible by taking advantage of the strengths of both companies, which conduct financial business onthe Internet.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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NEWS RELEASE■Reference
Policyholder

au Jibun Bank Corporation

Insured person

au Jibun Bank mortgage loan borrowers

Underwriting insurance company

LIFENET INSURANCE COMPANY

Insurance productGroup credit life insurance■Starting Date
July 1, 2023 (planned)■Future Prospects
We project expenditures of around 590 million yen from this business. The consolidated business
forecasts for fiscal 2023 are disclosed including the impact of this initiative. For details, please refer tothe “Announcement of IFRS-based Consolidated Business Forecasts for Fiscal 2023 Ending March31, 2024” released today.
*1 Based on au Jibun Bank research

About Lifenet

URL： https://ir.lifenet-seimei.co.jp/en/

Remembering the original purpose of life insurance - mutual support - LIFENET INSURANCECOMPANY 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 these products andservices directly to customers over the Internet. We aim to be the leading company driving the growthof the online life insurance market.
Contact:
Investor Relations, Corporate Planning Department
Tel: +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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