Group Credit Life Insurance insures up to 200 million yen ("Main Danshin")

SMBC Trust Bank's "Danshin (main contract)" covers the loan balance up to 200 million yen* and provides coverage for the purchases of high-end properties.

  • *Applicable to those insurance applications with notification date on or after April 1, 2024.

Coverage of up to 100 million yen for prescribed cancer ("Cancer Danshin" *1)

By adding the rider of cancer coverage with living needs rider appended to "Danshin (main contract)", the coverage would be not only in the event of death or prescribed severe disability but also in the event that a doctor diagnoses a prescribed cancer*2 or a life expectancy is judged to be within 6 months*3.

  • *1Applicable to those insurance applications with notification date on or after April 1, 2024. The living needs rider is appended with the rider of cancer coverage. Only one of these cannot be added to "Danshin (main contract)". When the rider of cancer coverage is added, 0.1% will be added on the applicable interest rate for the entire loan term (discount on the base interest rate will be adjusted).
  • *2The cancer insurance coverage is not payable in the following cases.
    • In the event that the diagnosis of malignant neoplasm is confirmed by the doctor prior to the liability start date of the "Cancer Danshin" policy.
    • In the event that the diagnosis of malignant neoplasm is confirmed within 90 days including the liability start date.
    • In cases other than malignant neoplasm specified in the Summary of Contract and Information for Attention (e.g., carcinoma in situ, non-invasive cancer, colorectal mucosal cancer, and skin cancers other than malignant melanoma).
  • *3The determination of life expectancy is made by the life insurance company based on the diagnosis of a doctor designated by the life insurance company.

About Group Credit Life Insurance

Images of insurance coverage

Enrolling in "Main Danshin" only Outstanding balance of loan Main Danshin Amount of insurance in case of death or severe disability as prescribed by the life insurance company *1 Insurance accident 200 million yen 100 million yen Loan term Enrolling in "Cancer Danshin" only Outstanding balance of loan Amount of insurance in case of death or severe disability as prescribed by the life insurance company or diagnosis of prescribed cancer *1*3 Cancer Dansin Insurance accident 200 million yen 100 million yen Loan term Enrolling in "Main Danshin" and "Cancer Danshin" *2 Outstanding balance of loan Main Danshin Cancer Dansin Amount of insurance in case of diagnosis of prescribed cancer (1)*3 Amount of insurance in case of death or severe disability as prescribed by the life insurance company ( 1 + 2 ) *1 Insurance accident 200 million yen 100 million yen Loan term *1 The amount of insurance will fluctuate (diminish) in accordance with loan repayments. *2 When you wish to enroll in both "Main Danshin" and "Cancer Danshin", separate loan contracts are required. *3 "Notice" Benefits will not be paid in the following cases.■In the event that the diagnosis of malignant neoplasm is confirmed by the doctor prior to the liability start date of the "Cancer Danshin" policy. ■In the event that the diagnosis of malignant neoplasm is confirmed within 90 days including the liability start date. ■In cases other than malignant neoplasm specified in the Summary of Contract and Information for Attention (e.g., carcinoma in situ, non-invasive cancer, colorectal mucosal cancer, and skin cancers other than malignant melanoma).

Enrolling in "Main Danshin" only Outstanding balance of loan Main Danshin Amount of insurance in case of death or severe disability as prescribed by the life insurance company *1 Insurance accident 200 million yen 100 million yen Loan term Enrolling in "Cancer Danshin" only Outstanding balance of loan Amount of insurance in case of death or severe disability as prescribed by the life insurance company or diagnosis of prescribed cancer *1*3 Cancer Dansin Insurance accident 200 million yen 100 million yen Loan term Enrolling in "Main Danshin" and "Cancer Danshin" *2 Outstanding balance of loan Main Danshin Cancer Dansin Amount of insurance in case of diagnosis of prescribed cancer (1)*3 Amount of insurance in case of death or severe disability as prescribed by the life insurance company ( 1 + 2 ) *1 Insurance accident 200 million yen 100 million yen Loan term *1 The amount of insurance will fluctuate (diminish) in accordance with loan repayments. *2 When you wish to enroll in both "Main Danshin" and "Cancer Danshin", separate loan contracts are required. *3 "Notice" Benefits will not be paid in the following cases.■In the event that the diagnosis of malignant neoplasm is confirmed by the doctor prior to the liability start date of the "Cancer Danshin" policy. ■In the event that the diagnosis of malignant neoplasm is confirmed within 90 days including the liability start date. ■In cases other than malignant neoplasm specified in the Summary of Contract and Information for Attention (e.g., carcinoma in situ, non-invasive cancer, colorectal mucosal cancer, and skin cancers other than malignant melanoma).

About enrollment in "Danshin"

The age for joining "Danshin" is from 18 to 72 years old (from 18 to 50 years old for "Cancer Danshin"), and continuation age of insurance is up until birthday of 80 years old.
In principle, all customers who take out a loan are required to subscribe to "Danshin". When the rider of cancer coverage is added, 0.1% will be added on the applicable interest rate for the entire loan term (discount on the base interest rate will be adjusted).
Please note that you may not be able to enroll in the "Danshin" policy depending on your health conditions or with any other factors.

About notification of your health conditions

You will be asked to notify of your health condition, etc. in advance. "Notify" means to tell the bare fact. Please note that the insurance money may not be paid (= the debt may not be covered) if there is any willful misconduct or gross negligence and the fact was not notified or incorrectly notified for insurance contract will be invalidated as "violation of obligation to notify".
"Danshin" can be applied for via "Net De Danshin", a group credit life insurance internet service.

About insurance premiums

SMBC Trust Bank will cover premiums for "Main Danshin".

The liability start date

The liability start date is the date of SMBC Trust Bank loan disbursement (borrowing date) or the date on which the life insurance company accepts the customer's insurance enrollment, whichever is later.

Situations in which insurance money will be paid

Coverage Situations
Main Contract Death coverage When the insured person passes away
Severe disability coverage When the insured person becomes severely disabled as prescribed by the life insurance company due to disabilities or diseases that occurred on or after the liability start date
Rider of cancer coverage Cancer insurance coverage When the insured person is diagnosed with cancer as prescribed by the life insurance company and the diagnosis was confirmed by a doctor
However no payment will be made in the following cases:
  • In the event that the diagnosis of malignant neoplasm is confirmed by the doctor prior to the liability start date of the "Cancer Danshin" policy.
  • In the event that the diagnosis of malignant neoplasm is confirmed within 90 days including the liability start date.
  • In cases other than malignant neoplasm specified in the Summary of Contract and Information for Attention (e.g., carcinoma in situ, non-invasive cancer, colorectal mucosal cancer, and skin cancers other than malignant melanoma).
Living Needs Rider Rider insurance coverage When the insured person is diagnosed with a life expectancy of 6 months or less
(The determination of life expectancy is made by the life insurance company based on the diagnosis of a doctor designated by the life insurance company.)

The requirements prescribed by the life insurance company for payment of severe disability claims are different from the official disability certification standards, etc.

Below are the situations in which the insurance money may not be paid.

  1. When the prescribed requirements are not met during the insurance period
  2. If the insured person commits suicide within 1 year from the liability start date
  3. If the insurance contract is invalidated because of the violation of obligation to notify
  4. If the insured person receives a prescribed disability on purpose
  5. If the insured person gets injured or becomes ill and falls into the situation of prescribed disability before the liability start date
  6. If the insured person is killed or gets disabled (as prescribed) by an act of war or other disturbance
  7. If the insurance contract is invalidated because of fraud from the insurance policy holder or the insured person
  8. If there is an objective to receive insurance money illegally by himself/herself or from others
  9. If all or part of the insurance contract is invalidated because the insurance policyholder, the insured person, or the insurance money recipient has the objective to exploit the insurance money and make an insurance accident(s) intentionally, or they come out to fall under Anti Social Force, or any other significant reasons

Underwriting Life Insurance Company (Organizer)

The Dai-ichi Life Insurance Company, Limited

This page provides an overview of the insurance program "Danshin" for our customers who use our loans with SMBC Trust Bank as the policyholder. This description is not an insurance solicitation.
To enroll in the insurance, please be sure to read "Group Credit Life Insurance Document for Insured Person (Summary of Contract and Information for Attention)" and confirm about insurance accident definition and situations in which insurance money may not be paid.

This page is a reference English translations, for the convenience of our customers who do not read Japanese, of certain key Group Credit Life Insurance information prepared by SMBC Trust Bank to aid customers' understanding. Please note that this page is for reference purposes only and have no legal binding effect.

Application for "Danshin"

Flow of procedures

STEP

Apply for loan

Complete your loan application on the dedicated loan web page.

STEP

Access "Net De Danshin" with a "Danshin Customer Number"

Receive a "Danshin Customer Number" from the bank staff and access "Net De Danshin."

STEP

Apply for group credit life insurance

Determine which type of group credit life insurance ("Main Danshin" or "Cancer Danshin") you wish to apply for and apply through "Net De Danshin."
When applying both "Main Danshin" and "Cancer Danshin", please apply for each.

  • When you log in to "Net De Danshin" for the first time, please register a new account.
  • "Danshin Customer Number" must be entered when applying for group credit life insurance.
  • Please read and agree to "Summary of Contract and Information for Attention" and the on-screen notes to proceed to the notification procedure.

Flow of notification procedures

Please read the on-screen notes carefully and follow the instructions to inform your health condition.

Applicant Information Entry Selecting Type of Danshin Please enter your information and select type of Danshin you wish to apply for ("Main Danshin" or "Cancer Danshin"). Notification Please truthfully enter your health condition at the time of entry, as well as your past health condition according to the on-screen guidance. Confirm and Apply Please confirm the information you entered and complete your application. Application Completed An e-mail will be sent to your e-mail address after your application is completed. If you need to submit a medical checkup result, please upload it. Insurance Screening Result Depending on the details of your application, you will be immediately informed of the insurance screening results.

Applicant Information Entry Selecting Type of Danshin Please enter your information and select type of Danshin you wish to apply for ("Main Danshin" or "Cancer Danshin"). Notification Please truthfully enter your health condition at the time of entry, as well as your past health condition according to the on-screen guidance. Confirm and Apply Please confirm the information you entered and complete your application. Application Completed An e-mail will be sent to your e-mail address after your application is completed. If you need to submit a medical checkup result, please upload it. Insurance Screening Result Depending on the details of your application, you will be immediately informed of the insurance screening results.

  • "Net De Danshin" is a Japanese website. Please ask the bank staff if you would like to refer to the English language supplementary materials.
  • The Danshin application procedure must be completed by the individual who will be taking out the loan.
  • Submission of a medical checkup result* dated within 2 years of the notification date may be required. Please upload it via "Net De Danshin".
    • *Health examination report, comprehensive health screening results etc. or health certificate prescribed by the life insurance company.

Click here to access

Net De Danshin

Link to "The Dai-ichi Life Insurance Co.,Ltd." Japanese website