Do expats need life insurance in Japan? We explore the options, from international term life to local Japanese policies.

Living in Japan offers safety and stability, but protecting your family's future is still essential. Navigating Japan life insurance for international expats can be tricky due to language barriers and policy differences.

Do You Need It?

If you have dependents (spouse, children) living with you in Japan, life insurance is highly recommended.

• Funeral Costs: Funerals in Japan are expensive, averaging 1-2 million JPY.
• Income Replacement: If the main breadwinner passes away, the family may struggle to pay rent or school fees.

👉 Providers: Best Insurance Companies in Japan for Expats

Types of Insurance

1. Term Life (Teiki Hoken): The most common and affordable. You pay for a set period (e.g., 10 years). If you die during that time, the payout occurs.
2. Whole Life (Shushin Hoken): Covers you for life and has a savings component. Much more expensive.
3. Medical Insurance (Iryo Hoken): Pays for hospital stays and surgeries. (Note: Japan's National Health Insurance covers 70% of costs, but private insurance covers the rest + private rooms).

Foreign vs. Local Providers

• International Providers: Companies like Allianz or Cigna offer plans specifically for expats.
  • Pros: English support, global coverage.
  • Cons: Often more expensive.
• Japanese Providers: Nippon Life, Dai-ichi Life, etc.
  • Pros: Cheaper premiums, tax deductions in Japan.
  • Cons: Contracts are in Japanese. You may need a fluent friend or agent to help.

Key Advice

Check if your company offers Group Life Insurance. It is often much cheaper and requires less medical screening.

👉 Providers: Best Insurance Companies in Japan for Expats