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Dementia insurance launched amid rising concerns in graying Japan

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Taiyo Life Insurance Co started selling an insurance product covering treatment for dementia in March 2016. Insured persons can receive a lump sum payment of up to 3 million yen if they continue to show symptoms of dementia for 180 days.

I pray that these insurance companies make damn sure that the people with dementia, who need the care, actually get the money to those providing it and not just giving it to them because they have the policy.

3 ( +5 / -2 )

So, people are paying health insurance, pension and over 50's pay an aged care tax, but these do not cover any kind of extended or special needs care? What exactly are Japanese people paying for in their insurances and taxes?

5 ( +5 / -0 )

So, people are paying health insurance, pension and over 50's pay an aged care tax,

Actually the "aged care tax" starts at 40. What they are paying for is care that is not covered by insurance, and there is a hell of a lot that isnt.

0 ( +0 / -0 )

That's exactly my point Yubaru. With all the taxes, insurances and pension people are paying nearl 50% of their salary, but they only get minimalist health care and bugger all else.

3 ( +3 / -0 )

How the hell is this going to provide ANYTHING except a bit of ca$h, remember folks there is almost 500,000 people WAITING NOW to get into some sort of retired/assisted living arrangements.

Also a lot of this insurance doesn't seem to be for dementia but for acts carried about by those suffering from dementia............

4 ( +4 / -0 )

Take premiums for dementia insurance. Then when it hits, the customer is too looney to make a claim. Clever!

3 ( +5 / -2 )

The first part of this article clearly regards the family, (those who are care providers of a family member with dementia) as the "insured", to provide liability insurance from lawsuits arising out of acts by the person with dementia. But the second part of this article seems to suggest that the person with dementia is the "insured". Very poorly written or translated article.

2 ( +3 / -1 )

I agree with Ossan that the article starts talking about insurance for liability but then talks about people with care needs getting a "lump sum" to help with care costs. Note that this is not the care costs themselves.

I get the impression in Japan that a lot of insurance is of this type, so what you get is a lump sum to help with cancer or a stroke or something, not the medical bills and living costs that are actually encountered. So policy holders may believe they are covered for an eventuality when all they will actually get is a kind of sympathy payment that may not go very far.

3 ( +3 / -0 )

I don't undertsand this article, it makes no sense, it seems to be mixing two different stories.

2 ( +3 / -1 )

One in five among those aged 65 or older, or about 7 million people, are projected to suffer from dementia in 2025,

7 million people walking around with dementia? And this is less than 10 years away? Scary. 7 million is a HUGE number. That's larger than ALOT of major cities. How are they going to deal with this situation?

0 ( +0 / -0 )

too looney

The point you're trying to make is being obscured by this unfortunate and offensive term.

My heart goes out to anyone who has lost or is losing a loved one to this tragic disease.

-1 ( +0 / -1 )

Had to go many times to another prefecture far away because bathroom fall, walking in the middle of the road with one shoe, lost, toilet light doesn't work. It was hell for both of us. But the solution is in prevention. Don't waste money on consequences, use it to minimize the effects. It just sounds like a business. Insurance. Company. Policy.

0 ( +0 / -0 )

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