Post Offices: Japan Post

post offices: Japan Post said the problem will take until October to fix. ; The actions of Japan Post, which sells Aflac policies at post offices nationwide, resulted in customers becoming temporarily uninsured and or being double charged for a one-year period that ended in May this year, the sources said, according to The Japan Times. Japan Post halted sales of its own and third-party life insurance products after admitting in July to conducting inappropriate sales of around 183,000 policies and leaving customers at a disadvantage over the past five years. As the debacle expands, the problems are being blamed on the postal and financial behemoth's failure to update its customer data management system, the sources said. It continues to sell Aflac's cancer insurance products, however, treating them as an exception. It signed a business partnership with Japan Post Holdings in 2013 and agreed last December to receive direct investment from Japan Post to expand their cooperation. Aflac has long been a leader in cancer insurance in Japan. (news.financializer.com). As reported in the news.

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