Sony Financial : Sony Assurance Begins Offering "ZiPPi" Medical Insurance to Indemnify Hospital Inpatient Expenses (Summary) (PDF 125KB)

January 10, 2017

[New Product] Sony Assurance Begins Offering "ZiPPi" Medical Insurance to Indemnify Hospital Inpatient Expenses

～Launch of Exclusively Online Medical Insurance to Cover Actual Expenses～

Sony Assurance Inc. (Sony Assurance), a wholly owned non-life insurance subsidiary of Sony Financial Holdings Inc., launched a new product, called "ZiPPi", on January 10, 2017. This type of term medical insurance indemnifies the insured for actual hospital inpatient expenses, with benefits being based on their self-pay amounts. (Insurance coverage starts on or after February 1, 2017.) As "ZiPPi" is being offered exclusively over the Internet, all aspects of this term medical insurance-from coverage design to estimates and applications-are handled on line.

Principal Features of "ZiPPi"

• Covers the full amount of actual hospital inpatient expenses

  ⇒ This insurance covers the entire self-pay portion (30%)* of hospital inpatient expenses, so there is no need to consider necessary per-diem coverage amounts as is the case with fixed-coverage types of medical insurance.

  * The patients are generally required to pay 30% of hospital inpatient expenses, which is regulated by the Japanese National Health Insurance system.

• Policyholders can select extra optional coverage in addition to basic coverage

  • A wide range of coverage is available to match customers' needs.

    Basic coverage: Covers the insured's self-pay portion (30%) of hospital inpatient expenses on illnesses and injuries covered by the Japanese National Health Insurance.

    Optional coverage: Three types of coverage are available: advanced medical treatment, uncovered room charge by the Japanese National Health Insurance and miscellaneous expenses.

• Five-year term insurance

  • Coverage can be easily revised in response to future lifestyle changes.

  • Premiums are lower for this insurance than for whole life insurance, particularly for younger customers, making it easier to obtain the amount of protection currently necessary at an affordable rate.

• Internet-only sales

  • Since all aspects-from coverage design to estimates and applications-are handled on line, these processes are simple and easy.

  • Savings, including on document printing and postage expenses, are passed on in the form of reasonable

    premiums.

    Product Overview

    • The insured ages The insured must be aged at least 20 and up to 69 as of the date insurance coverage starts (for new applications)

    • Insurance period Five years (renewing automatically up to age 80)

    • Premium payment period Five years (same as insurance period)

    • Premium payment method Monthly, by credit card or bank account transfer (Internet account

transfer)

Premium Examples

The table below shows examples of premium amounts for basic-coverage-only policies.

(Per month)

Age:	20	25	30	35	40
Male	¥830	¥903	¥1,065	¥1,293	¥1,574
Female	¥975	¥1,098	¥1,239	¥1,336	¥1,461

Note: This is an English-language summary of a Japanese announcement made by Sony Assurance on January 10, 2017. The summary was prepared by Sony Financial Holdings solely for the convenience of non-Japanese readers.