1. Overview of Insurance Premium Rate Revisions
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Sony Life will revise insurance premium rates on some products in line with the April 2013 reduction in discount rate used for calciulating policy reserves.
2. Products Affected
(1) Insurance premiums will not be revised on term life insurance and annunities.
Rates will not be revised on Sony Life’s mainstay "level premium plan term life insurance", "decreasing term life insurance" and "family income insurance" (including non-smoker preferred risk type, no surrender value type and term riders) products, as the impact of policy reserves discount rate revisions is small.
Rate revisions also will not be applied to level premium plan type of "semi-participating individual annunities" and "individual variable annutuies".
(2) Insurance premiums will be maintained at near the current levels on medical insurance and cancer insurance (including term riders).
Rates will be revised for these products, but insurance premiums will be maintained at near the current levels. Premiums may increase or decrease in comparison with current levels in some cases, depending on such factors as policy type and policyholder age.
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