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Dai – Ichi Life Insurance

February 26th, 2016 Leave a comment Go to comments

DAI – ICHI LIFE INSURANCE


By : Aries Kurniawan

History of Dai – Ichi Life Insurance

life insurance

life insurance

Dai – ichi Life Insurance Limited was established on September 15, 1902, and headquartered in Tokyo, Japan. Dai – Ichi is also one of the oldest mutual insurance company in Japan until a motion for demutualization was passed in 2009, and on April 1 of 2010, Dai – Ichi is listed on the Tokyo Stock Exchange’s Nikkei, increased ¥ 1.01 trillion as a result of the recording, then Dai – Ichi is replaced by Nippon Telegraph and Telephone Corporation (NTT) as it is the most widely held stock in Japan.

Dai – ichi Life Insurance Limited is an insurance company based in Japan. The company is engaged primarily in the closure of insurance policies , including private insurance , individual annuity insurance , group insurance , group pension insurance , other insurance and reinsurance , as well as operating assets , including securities , real estate and monetary claims , securities lending , deposits and savings , trust money , monetary claims , securities and real estate , securities and financial derivatives trading , foreign exchange and futures trading . In addition, it is also engaged in financial institutions, business organizations, surety bonds, and trade, and subscription management entrusted the bonds. Here we will describe the activities undertaken by the company Dai – Ichi Life Insurance in detail from year to year:

1. In 1938: The head office moved to its current location in Tokyo.
2. In 1975: The first overseas representative office established in New York City.
3. In 1982: The first European representative office was set up in London.
4. In 1990: Investing in the Lincoln National Life Insurance Company marked the first time a Japanese company to participate in the U.S. utilizing the leading insurance companies.
5. in 1993: completion DN Tower 21, the new headquarters building.
6. in 1995: the Great Hanshin earthquake: simplification of claims settlement procedures.
7. in 1996: the establishment of Dai – ichi Property and Casualty Insurance Co., Ltd.
8. In 1997: the establishment of Dai – ichi Life Research Institute Inc.
9. In 1999: agreement on the amount of business cooperation with the Industrial Bank of Japan (now Mizuho Financial Group).
10. in 2000: an agreement to form a comprehensive business alliance with Sompo Japan and Aflac Insurance.
11. in 2002: 100th anniversary celebration.
12. in 2010: Demutualization and listing of shares on the Tokyo Stock Exchange.
13. in 2011: complete takeover of ASX listed insurer Tower Australia soul, a wholly owned subsidiary was later renamed TAL.

That was a description of the history of Dai – Ichi Life Insurance and the activities undertaken, the company is not separated from the guidelines to help the problems of society, therefore, the insurance company is making plans about Star Union Dai – ichi Life Ashiana Suraksha with the aim to make it easier for you and your family to enjoy the pleasures acquire a vehicle, home or through a loan without any tension on the loan obligation. This is a decrease in term of insurance plan which are designed specifically to meet the needs of home loans, auto loans, consumer loans, etc., to the borrower at an affordable price. Based on this scheme , Star Union Dai – ichi presents to approve the obligations of the insured in the unfortunate event of death during the term of the loan , and providing life insurance products to individuals and corporate customers in Japan and internationally .

The company offers individual life insurance products and annuities, all single premium life insurance products, and financial and insurance annuities. It is also sells non-life insurance products, including disability income replacement insurance and accident insurance policies and cancer insurance, as well as savings – type products through financial institutions, such as banks and securities firms. It also provides life insurance products in group such consisting a period of general welfare life insurance products group that support system for condolence money and retirement benefits at the time of death , term life insurance and group medical care , and group annuities . In addition, the company offers various products for international companies operating in Japan consist of the victims’ families’ compensation planning through the group insurance, retirement planning firm plans and proposals for the management of the company’s pension plan assets, and consulting on introducing pension contributions, as well as reinsurance products individuals and groups.

For those of you who are interested and want to know more information about the company Dai – Ichi Life Insurance, you can contact at:

Dai – Ichi Life Insurance
Street: 13-1, Yurakucho 1 – chome
City : Tokyo
Postal Code : 100-8411
Federal Country : Japan
Phone : +81 3-6863-6211
Fax : 81-3-5221 3971

 

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