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In Japan, Sompo Japan is one of the biggest, voluntary and compulsory automobile insurance company that make up nearly 70% premiums of insurance companies. Company also provides life insurance through its subsidiaries Sompo Japan Himawari life and Sompo Japan DIY life insurance. National health insurance is a public medical insurance plan in which all people residing in Japan are fundamentally involved if they do not have any other form of government plan such as social insurance.

The authorities do not seem to bother people that do not register for national health insurance plan but once on it they do not want to let you off of it. Your general health condition, your age or income sharply affects your NHI premiums. Most of the travel companies offer travel insurance or you can shop around the specialized insurance companies. If you are going to Japan for study on a student visa then you are eligible to join the National Health insurance plan.

This policy covers all 70% of medical fees. Japan is especially an expensive country and cost of living is highest in the world. Many risk factors of illness, thefts and property loss make travel insurance for every person traveling to Japan. Travel insurance companies in Japan provide coverage for several emergency situations that might crop up in case of traveling. Most big insurance companies have special travel insurance programs that cover medical risks, emergency travel and health related services. Auto mobile insurance in Japan has two main policies, compulsory automobile liability insurance and voluntary automobile insurance. These automobile insurance provides coverage for bodily injury, personal accident or in case of damage of vehicle.

Japan is the world's largest holder of life and health insurance and Japanese insurance business law was revised in 1997 after about 56 years. This law allowed cross entries of life and non life companies into each other sector through subsidiary companies. In life insurance companies, premium income is more than three times than all non life premiums income. 90% of the population of Japan owes life insurance. Nippon Life Insurance Company is world largest insurance firm. Other major insurance companies of Japan are Sony life insurance CO.Ltd. , PCA life insurance company, prudential life insurance Company, Zurich life insurance company Ltd. etc.

Long term care system in Japan is established to facilitate a system in which society as a whole support those who are facing the need of long term life care. It is a very challenging experience traveling through Japan without any basic knowledge of language and culture. If you are going for a historical tour of Japan then you should organize travel insurance so that you can enjoy your time without any unforeseen circumstances.

Insurance in Japan is mainly in the hands of private insurance companies, although government insurance agencies write crop, livestock, forest fire, fishery, installment sales, credit insurance or social security. Japan life insurance industry had followed a static period for a decade. There is extremely high level of financial assets held by Japanese households but there is lack of innovative ideas in the market. Ninety percent of total households have life insurance policies. Between 1996 and 2005, due to low interest rate and stagnating stock prices, there is collapse of Japan asset inflated "bubble" economy. After that poor economic condition encourage people not only to buying new policies but also not renew existing policies. In 1996, 31 names have been listed in the life insurance association of Japan, but in 2005, only 15 companies remained. The other 16 companies either changed their names due to acquisition or bankrupt.

Deposit Insurance Corporation of Japan is a semi government agency which was established in 1971 and its main aim is to protect depositors by reimbursing insured depositors and other claims according to necessity. Zurich , Fuji-fire , Marine insurance , Mitsui insurance, Sompo Japan insurance , Tokio insurance follow Sony assurance which have the highest rank in satisfaction in insurance claims.