Ace Insurance Japan said it will launch a new insurance product on Oct. 1 to cover dental treatment.
Ace Insurance, a unit of the Ace Group, will become the first nonlife insurer in Japan to sell dental insurance, the company said Monday. A standard plan will pay up to ¥150,000 in benefits a year for dental treatment covered by public health insurance, including treatment of cavities or gum disease.
Under another plan, up to ¥200,000 in benefits will be paid a year for treatment that is not covered by public health insurance.
Monthly premiums will range from ¥490 to ¥1,040 for the standard plan that covers treatment to which public health insurance is applicable.
The company will initially sell the insurance to members of affiliated credit cards, aiming for gradual expansion. It aims to conclude 50,000 insurance contracts in the first year, according to the company.