justlnCase Inc. (CEO: Kazy Hata, hereinafter “the Company”) announced the launch of “Simple Hospitalization Insurance (https://hospitalization.justincase.jp/) on October 10, 2024.

This insurance offers a very simple coverage, which is a lump sum payment for hospitalization of one night and two days at a medical institution (*1). There are three plans available to choose with an insured amount (hospitalization lump sum) of JPYS0,000, JPY100,000, and JPY200,000 respectively.
Customers can choose an insurance amount that fits your or your family’s lifestyle, ensuring they get the coverage they need without paying for more than necessary. The application process is entirely online, so they can carefully consider at your own pace. They can also apply for family members together.

(*1) Payment is not applicable for hospitalizations due to sleep apnea (including hospitalization for its diagnosis or examination) if the duration is 2 days or less, or if sleep apnea is not definitively diagnosed by a doctor.

Background

In recent years, due to advancements in medical technology and hospital efficiency, hospitalization periods have been shortening.
While hospitalization periods are becoming shorter, out-of-pocket expenses for hospitalization remain high, reaching an average of JPY198,000 (*2). Even when using the high-cost medical care benefit system, there’s still a burden of about JPY20,000 per day (*2). Additionally, transportation costs, daily necessities expenses, and loss of income associated with hospitalization remain problematic.

(*2) According to the “Survey on Life Coverage” for the fiscal year 2022 by the Japan Institute of Life Insurance

Given this background, the Company has developed “Simple Hospitalization Insurance,” which provides substantial coverage regardless of the length of hospitalization. This product aims to support the insured’s financial peace of mind by providing a lump sum payment to address sudden medical expenses during hospitalization.

Comment from CEO Kazy Hata

For the past two years, justlnCase has been working to strengthen its risk management system as a small-amount short-term insurer. While we’ve made some product modifications such as policy revisions behind the scenes, this is our first completely new insurance product release in four years.

Unfortunately, insurance products are complicated and cumbersome, not just in Japan but around the world. However, insurance is by no means unnecessary and undoubtedly essential for humanity’s future progress. With this belief in mind, we operate under the vision of “Bringing the joy of being helped and helping to everyone.” We hope to make progress towards realizing this vision together with all stakeholders, and above all, with our policyholders and insured individuals.

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