PayPay Insurance, a group company of LY Co., Ltd., Z Financial Co., Ltd., and PayPay, announced that they have once again begun handling “influenza insurance” on the “PayPay Insurance” mini app within the cashless payment service “PayPay.” This insurance was launched in January 2023 as Japan’s first influenza-specific product, and has been well-received by many users, with cumulative enrollment exceeding 78,000. There is a repeat discount this year, and last year’s subscribers can apply from 240 yen per month.
According to preliminary data released by the National Institute of Infectious Diseases, the number of people infected with influenza is already increasing, mainly in Okinawa. Similarly, announcements from the Tokyo Metropolitan Infectious Disease Information Center indicate that mass infections have already occurred at elementary and junior high schools. In preparation for this situation, PayPay Insurance Service has reintroduced insurance for our users.
If you are enrolled in this insurance and are prescribed antiviral drugs for influenza A or B during the insurance period, you will receive medical benefits. In addition, in the case of influenza A and B, hospitalization benefits will be paid for hospitalization for 2 days (1 night) or more. You can easily join for as little as 250 yen per month and receive benefits in the shortest possible time. Same day.
Family coverage is also available in one application and can also address the possibility of infection within households with children or elderly family members. You can choose from three monthly plans: “Rakuraku,” “Basic,” and “Anshin” depending on your needs, and you can pay with PayPay points or PayPay balances including PayPay credits.
This insurance has been well-received by many users as Japan’s first influenza-specific insurance product, and we have received approximately 32,000 applications in the three months since its launch in January 2023. We have received 46,000 subscriptions in the six months since October 2023, and the cumulative number of subscribers has exceeded 78,000. Participants in their 30s to 50s tend to choose family plans, and more than half of those in each age group choose safety plans that pay up to 7,000 yen in treatment benefits. Hospitalization benefit is 30,000 yen. However, these medical insurance products offer broader inpatient coverage.
Since the mini-app “PayPay Insurance” launched its service in December 2021, the number of registered users for all products has exceeded 4.3 million in just over 2 years and 8 months. PayPay Insurance Service will continue to provide high-quality insurance products tailored to user needs and support users to feel more familiar with insurance.
