Sales of life insurance products related to COVID-19 have reportedly surged in Japan, as the public is worried about the negative financial effects caused by contracting the disease.
According to a report by The Japan Times, Taiyo Life Insurance Co. has said that sales of its COVID-19 insurance product, released in September 2020, have exceeded 100,000 policies, the fastest product from the insurer to reach that mark over the past 10 years.
The insurance product will provide a lump sum of up to ¥400,000 (SG$4,920) for hospital stays or home recovery, in case the policyholder is infected by the