our Network Partner in Japan
AXA Japan
Background
AXA Life Insurance Company Ltd. is a life insurance company with a
unique character and background. It works solely in the field of
employee benefits. It was established in 1934 under the auspices of
the National Federation of Industrial Organisations (a nationwide
organisation of Japanese employers) to introduce group life
insurance and group pensions into Japan. Since then AXA Life
Insurance Company Ltd. has been a pioneer in the area of group
insurance and for over 10 years was the only company to provide
group insurance. Although now other life insurance companies
transact group insurance, AXA Life Insurance Company Ltd. is the
only company with over 60 years of experience in the field of
employee benefits.
Diversified
products
Although main group products in Japan
are group term life (one year renewable) and group pension (deposit
administration), AXA Life Insurance Company Ltd. has other types of
products. One is a non-participating term life which fits the need
for large amounts of life coverage which cannot be provided by
group life. Another product is medical care insurance, which mainly
provides cover for hospitalisation and surgical operations
expenses. In this area, AXA Life Insurance Company Ltd. has the
largest market share in Japan. The total number of insureds amounts
to more than 2 millions. This product is quite helpful in
supplementing the government health insurance
Sales and
Service
AXA Life Insurance Company Ltd. has a
unique system in sales and servicing of group insurance. Since it
was established, group insurance has been handled only by
specialised salaried personnel. (In other insurance companies,
group insurance is usually sold by commissioned sales-men who
handle mostly individual insurance). Because of the specialised
nature of employee benefits and the necessity of continuous service
for the employer, AXA Life Insurance Company Ltd. believes only
personnel with sufficient knowledge and experience can handle
satisfactorily this kind of business. Because of this, group
insurance of AXA Life Insurance Company Ltd. is provided only
through limited number of personnel, about 150 specialists, who are
most specialised and trained people out of 2,300 regular employees.
This number of personnel is much smaller than the number of
commissioned agents in other insurance companies sometimes more
than twenty or thirty thousands.
Designing of Group Insurance and
Pensions
Although AXA Life Insurance Company
Ltd. has worked mainly for diversified employee benefit programs of
large employers, which differs from one case to another, it also
works for small employers with same specialised skill and
enthusiastic service. In most other insurance companies group
insurance and pensions for small employers are sold by ordinary
insurance agents as ready-made and inflexible plan. In AXA Life
Insurance Company Ltd. each plan is designed and administrated to
fit its particular needs. This is why the money invested in
employee benefits taken care by AXA Life Insurance Company Ltd. can
be rewarded with the maximum appreciation by the employees.
Foreign
Companies
For many years AXA Life Insurance
Company Ltd. has made thorough investigation and study on employee
benefits, not only in Japan but also in other countries of the
world. Through the co-operation with experts in various countries,
AXA Life Insurance Company Ltd. is providing excellent service for
foreign companies which other insurance companies cannot provide.
AXA Life Insurance Company Ltd. has designed and today administers
employee benefits programs for 120 foreign companies in Japan.
NBF Platinum Tower, 1-17-3 Shirokane, Minato-Ku
108-8020 Tokyo
Japan
Ryuichiro Takagaki
+81 3 6737 6010
• Group Life & Medical Features