Annual Report 2010
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OUR BUSINESSESINSURANCE BUSINESSESThe JA Group is unique in its ability to provide life and non-life insurance, thus offering comprehensive coverage to match each member’s lifestyle. Coverage can be divided into two basic types, long-term and short-term insurance. The kinds of insurance offered are outlined below.NON-LIFE INSURANCEBuilding Endowment InsuranceThis policy insures buildings and movable property owned by the policyholder or a relative of the policyholder against damage caused by fire, earthquake, or other natural disasters. Payment is also made upon death or serious injury of the policyholder or family members due to fire, earthquake, or other natural disasters. Additionally, if the insured buildings or movable property survive intact beyond the maturity date, this insurance supplies funds for reconstruction or repurchase.Major Types of InsuranceLIFE INSURANCE Comprehensive Life InsuranceComprehensive life insurance is a general term encompassing basic types of life insurance. A comprehensive range of benefits, including for death, disability, hospitalization, and medical treatment, is obtainable by combining various riders from each type.1Whole Life InsuranceUnder this policy, claims are paid upon death or serious disability of the insured. The objective is to protect the livelihood of the family of the insured. Conditions can be designed to suit individual policy-holder needs.2Endowment Life InsuranceUnder this policy, claims are paid upon death or serious disability of the insured, or survival beyond the maturity date. The objective is to protect the livelihood of the family of the insured and to serve as a savings vehicle to help provide financial security to policyholders during old age.3Term Life InsuranceUnder this policy, claims are paid upon death or serious disability of the insured. The objective is to protect the livelihood of the family of the insured. Since claims are not paid at maturity, premiums are less expensive than those for Endowment Life Insurance.4Annuity InsuranceUnder this policy, annuities are paid every year beyond the date specified in the policy for contracted years or throughout the lifetime of the insured to help provide financial security.5Children’s InsuranceThis insurance systematically accumulates funds for the education, weddings, and other major life events of policy-holders’ children. Claims are paid upon death or serious disability of the insured, or survival beyond the maturity date or prescribed age, or upon the death or disability of the policyholder (insured’s parent or relative). In the event that the policyholder dies or suffers serious disability, an endowment pension is paid and premium payments are no longer required.6Medical InsuranceThis policy covers the cost of hospitalization, including surgery, in the event of illness or injury. In addition to whole life plans, limited period plans (Term Medical Insurance) are also available.06 ANNUAL REPORT 2010

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