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The value of life insurance policies in force (total value of policies in individual
insurance, individual annuity, and group insurance) purchased from the private life insurance companies was 574 trillion in 1981, then gradually expanded. However, it fell to 1,568 trillion in 2005, which has been a continuing trend for eight consecutive years after peaking at 2,175 trillion in 1997.
Regarding the breakdown in 1981 individual insurance accounted for 66.9 percent, individual annuity for 0.4 percent, group insurance for 32.7 percent.
For the year 2005, individual insurances still occupies the largest share of total value, which is 70.9 percent, and individual annuity is 4.7 percent. The individual life insurances purchased in Japan by type have been changed over time to time.
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