- 2020.03.19
justInCase, Inc. (CEO: Kazy Hata, “justInCase”) conducted a survey about cancer insurance.
Key Takeaways
- The correlation between “% of respondents who have cancer insurance” and “annual income” is well indicated
→The 12.8% difference in relation to the annual income gap. - What respondents felt the most when they signed up cancer insurance was premiums were costly
→ More than half of the respondents felt that the premiums were costly. - Respondents who ”sought advice from insurance agents” when choosing cancer insurance” were the most
→ The means of choosing cancer insurance is still analog. Less than 20% were through web
The correlation between “% of respondents who have cancer insurance” and “annual income” is well indicated
→29.2% of respondents, who have annual income lower than ¥4 million, have cancer insurance, while it’s 42% for those who have annual income equal to or more than ¥4 million. The 12.8% difference is in relation to the annual income gap.
What respondents felt the most when they signed up cancer insurance was premiums were costly
→More than half of the respondents felt that the premiums were costly. 52.8% felt assured and 38.7% felt that the buying process was cumbersome.
The means of choosing cancer insurance is still analog. ”Sought advice from insurance agents” is the most while less than 20% were through web
→53.8% said they sought advice from insurance agents; 47.2% sought advice from families. 19.8% were through web.
About the survey
Overview: Opinions about cancer insurance
No. of respondents：300 aged 20~69
Date：20 December, 2019
About justInCase’s P2P Insurance
P2P insurance (https://p2p-cancer.justincase.jp) is an insurance product that allows a group of insureds to share their risks among themselves. The P2P model emphasizes the concept of mutual support and eliminates the conflict of interests between the insurers and the insureds.
The first P2P insurance we are launching covers cancer. The one-off benefit payment is ¥800,000. Insurance premiums are post-paid. The amount of premiums are determined by the total benefit payment paid adding up with the management fees received by justInCase divided by the total number of members every month.
Comments from Customers
About justInCase
As a small-amount and short-term insurer founded in 2016, justInCase aims to create value through innovation to make insurance become interactive. By utilizing Machine Learning, Artificial Intelligence and other innovative technologies, justInCase aims to offer insurance products and services around the world that are yet to exist.
About justInCaseTechnologies
Established in 2019, justInCaseTechnologies provides reliable and seamless insurance API technology and digital platform solutions for justInCase, as well as other insurance and business partners in finance and healthcare fields.
(https://justincase-tech.com/en/)
For any inquiries, contact:
Elaine Tung
pr@justincase.jp
1-6-1 Chiyoda Otemachi, Tokyo