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30/35 Domestic Life Insurance Business (MSI Aioi Life)
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00:18:40.4
From page 24, I would like to describe the Life Insurance Business. First, let me explain the situation of MSI Aioi Life. Taking advantage of the Group’s strong agents and customer base, MSI Aioi Life focused on protection-type products and achieved an amount of policies in force of 21.1 trillion yen and annualized premiums of policies in force of 335.8 billion yen. Its embedded value has grown to 588.1 billion yen. In this new Medium-Term Management Plan, we have added an increase in MSI Aioi Life’s embedded value to the Group’s management targets and will aggressively expand underwriting in the Domestic Life Insurance Business. In December last year we launched New Medical Insurance Ace, which has been selling well. We will expand the third sector insurance upon reorganization by function and will maintain the highest growth in the industry.
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