Insurance: Post and Japan

insurance: It has complied with a request from Sumitomo Life Insurance Co. to stop promoting a medical insurance policy offered by the company, which had been sold together with a Japan Post Insurance product, according to The Japan Times. Aflac Life Insurance Japan Ltd. has yet to decide whether to suspend sales of cancer insurance policies offered by the company through Japan Post. The request follows the revelation last month of inappropriate sales practices by Japan Post employees, involving policies for Japan Post Insurance Co. that were sold through post offices across the nation. ; Japan Post, which manages the network of post offices, is currently considering its response to the request, it said. Nippon Life Insurance had entrusted Japan Post with sales of a foreign currency-denominated variable annuity insurance policy. It has been handled at some 1,000 post offices nationwide. The product allows Nippon Life to manage through investments the insurance premiums paid by its policyholders. (news.financializer.com). As reported in the news.