1.
life insurance
Insurance that provides a monetary payout upon the policyholder's death or after a specified period. One of the most common types of insurance in Japan.
Usage
Often abbreviated to 生保 in casual speech and business contexts. Japan has one of the highest life insurance penetration rates in the world. Many workers purchase life insurance through their employer.
Common collocations
Related Words
Compare:
社会保険 (social insurance)
Compare:
火災保険 (fire insurance)
Related:
医療保険 (medical insurance)
Related:
掛け捨て (term insurance)
Compare:
自動車保険 (car insurance)