Japan Post probe uncovers 9,000 cases of improperly sold insurance: Report

Topics Insurance


An investigation by the Japan Post group has found some 9,000 cases of improperly sold insurance, the Yomiuri Shimbun reported on Sunday, adding the group will release the findings on Dec. 18.

Japan Post Insurance Co Ltd, a unit of Japan Post Holdings, said in September it discovered 6,327 cases of improper sales and that 1,400 cases among them are suspected of violating the law. A special investigation committee spoke to around 120,000 clients in determining the number of mis-sold policies over the past five years, the newspaper.

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