• Kyodo News


Postal life insurance benefits were not likely paid out to policyholders in around 490,000 cases before the privatization of Japan’s postal services began in October 2007, Japan Post Insurance Co. said Friday.

Of the number of cases, 80,231 cases have been confirmed as nonpayment involving the “kampo” postal life insurance, while benefits were not likely paid in another 406,858 cases, according to the insurance arm of Japan Post Holdings Co.

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