Individual customers of the failed Nissan Mutual Life Insurance Co. on Sept. 7 urged the Finance Ministry and commercial banks to take responsibility for helping to create a situation that will lead to reduced policy payouts.

“Putting it simply, we were deceived,” said Makoto Nakajima, a policy holder from Niigata Prefecture. He was speaking at the first general meeting of a victims’ association. About 230 customers from across the country attended the meeting in Tokyo’s Ota Ward. The bailout will reduce the amount of payouts by up to 70 percent of the figures stated in original contracts.

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