NEWS RELEASE
November 15, 2023
Sumitomo Mitsui Card Company, Limited
LIFENET INSURANCE COMPANY

Sumitomo Mitsui Card and Lifenet toStart Offering “Insurance with V-points”
TOKYO, November 15, 2023 – Sumitomo Mitsui Card Company, Limited (President: Yukihiko Onishi,
URL: https://www.smbc-card.com “SMCC”), and LIFENET INSURANCE COMPANY (President: Ryosuke
Mori, URL: https://ir.lifenet-seimei.co.jp/en/ “Lifenet”), announce that both companies will start to offer
insurance product named “Insurance with V-points” from December 1, 2023, as one of the initiatives basedon the capital and business alliance agreement which concluded on August 30, 2023. This will be the firstlife insurance product where V-points can be earned.
V-points is a service provided by SMCC that allows customers to earn points according to the total
amount of shopping used on the card each month, and use them for shopping and payment amounts, aswell as for gift exchanges and transfer to other companies' points.

■ Outline of “Insurance with V-points”
1.

V-points equivalent to 1% of monthly premiums is awarded when customers
purchase insurance through official apps, etc.
If customers apply for insurance through official apps and select a card issued by SMCC thatcan earn V-points as the premium payment method, they earn V-points equivalent to +1% ofmonthly premiums. The insurance coverages are the same as that offered by Lifenet.

2.

Customers who have a credit card that links specific ID to earn V-points areeligible.
When applying for insurance, if customers have a card that links to earn V-points, customers
are eligible for V-points reward.

3.

Earn V-points all the time during the insurance period.
Points will be earned for as long as policyholders continue to pay premiums.

4.

Lifenet’s policyholders using Sumitomo Mitsui Card currently can also earn
V-points.

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■How to apply for "Insurance with V-points”
Customers can apply for “Insurance with V-points” through apps seamlessly.
<Illustration>

Top page of App

Move to insurance
portal website

Can apply for “Insurancewith V-points”■Company’s Information<About SMCC>
Firm Name

Sumitomo Mitsui Card Company, Limited

FoundedDecember 26, 1967

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

Capital stock

34.03 billion yen（as of March 31, 2023）

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

Founded

October 23, 2006

Address

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

Capital Stock

21.676 billion yen（as of March 31, 2023）

Representative

Ryosuke Mori, President

Business

Life Insurance BusinessMedia Inquiries
Firm Name

Contact

Sumitomo Mitsui CardCompany, Limited

Public Relations Section, Corporate Planning Department,
TEL：+81‐3-6365-0511

LIFENET INSURANCECOMPANY

Investor Relations, Corporate Planning Department,
TEL：+81-3-5216-7900

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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