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Asahi Mutual

The Asahi Mutual Life Insurance Company, established in 1888, is one of the oldest and largest life insurance companies in Japan and celebrates its 110th anniversary in 1998. The company is the leading provider of a full line of individual and group products distributed mainly through the company's own sales agents. Its major products include individual life policies, group annuities, individual annuities and group life policies.

Asahi operates under the idea of fulfilling responsibilities to the following three groups : our policyholders, our employees, and society. Asahi also maintains a managerial idea of serving their policyholders and society with sincerity and devotion. Based on those ideas, Asahi has established the following management goals :

• to continue being an excellent company, trusted by our customers and serve them with excellent products and services.
• to contribute to the development of society by supporting various social welfare activities such as the research of adult disease, campaigning for public health promotion and encouraging the sound growth of youth.

The company is one of the core members in the Dai-Ichi Kangyo Bank Group, the largest corporation group of Japan. The group members include several huge multinationals such as Fujitsu, C. Itoh, etc..

Asahi maintains a solid distribution system using 23,000 sales agents and operating more than 250 sales offices. The company has its own on-line computer network which links each sales office with the head office in Tokyo. Asahi has provided each sales agent with a note book sized computer 'Handy Ai II'. This portable computer allows each sales agent to give customers the latest information and quotations for life insurance products, having brought an important edge for efficient customer service. To provide a broader range of insurance products for our clients, Asahi has established tie-up with non-life insurance companies and started selling products since October 1996.

In the field of investment, Asahi and Asahi Asset Management Co. Ltd. (ALAMCO), an affiliate of Asahi, have an agreement with Nvest Companies L.P. (Nvest), a listed investment advisory firm based in the USA. We established a joint investment advisory firm on June 9, 1999 and launched investment trust funds.

Asahi will make further efforts to upgrade its customer service with careful observation of its customers' needs.

Japan � Standard Benefits.

Term Life/PA

24 times monthly salary or 2 times annual salary is quite common. Approximately 70% of their existing clients have this kind of death coverage.

PA is written by non-life insurer and benefit schedule seems to be the same as death benefit. Group Term Life is more popular in EBP.

Inpaitient/Hospitalization & Surgical

5,000 yen per day hospitalization is common. There is increasing tendency for foreign multinationals to have their company sponsored medical covering their employees for 5,000 yen per hospitalization and 75,000 yen - 250,000 yen for surgical operations.

Outpatient/Clinical

Out patient after discharge is covered by medical insurance, but outpatient without hospitalization cannot be covered by it.

Some company sponsored medical has outpatient benefit rider on their basic medical policy.