← Back to Glossary
保険料
[hokenryo] - insurance premium

保険料 (hokenryo) is a Japanese term that translates to "insurance premium" in English. It refers to the amount of money that an individual or entity pays to an insurance company in exchange for coverage under an insurance policy.

The insurance premium is usually paid on a regular basis, such as monthly, quarterly, or annually, depending on the terms of the policy. The amount of the premium is determined based on various factors, including the type of insurance, the level of coverage, the risk profile of the insured, and other relevant factors.

By paying the insurance premium, the insured gains financial protection against specific risks or losses, such as health issues, accidents, property damage, or other covered events. The premium is a crucial aspect of maintaining active insurance coverage and ensuring that the insured can receive benefits or compensation when needed.


Need a bill payment service for Japan?
Get all your Japanese mail handled, including bill payment, with Japan's #1 bilingual virtual mail service. Starts from only $25 a month.✨

By signing up, you agree to our Terms of Service, Privacy Policy, and Handling of Personal Information.

See Also

法人保険   [houjin hoken] - corporate insurance

法人保険 (houjin hoken) is a Japanese term that translates to "corporate insurance" or "business insurance" in English. It refers to insurance policies that businesses purchase to protect against various risks and liabilities associated with their operations. Types of 法人保険 include property insurance, which covers damage to business property due to events like fire, theft, or natural disasters. Liability insurance protects against legal claims arising from accidents, injuries, or negligence. Business interruption insurance compensates for lost income and ongoing expenses if business operations are disrupted by an insured event. Employee benefits insurance includes health, life, and disability insurance for employees. These insurance policies help businesses manage risk, protect their assets, and ensure continuity in the face of unforeseen events.

Read more
健康保険料   [kenkou hokenryou] - health insurance premium

健康保険料 (kenkou hokenryou) is a Japanese term that translates to "health insurance premium" in English. It refers to the amount of money that individuals or employers pay to a health insurance provider to maintain health insurance coverage.

In Japan, health insurance is mandatory, and premiums are typically deducted from employees' salaries. Employers often share the cost of these premiums with their employees. The premiums help cover the costs of medical services, treatments, and medications, ensuring that insured individuals have access to necessary healthcare without incurring significant out-of-pocket expenses.

The calculation of 健康保険料 is usually based on the insured person's income, with higher earners paying more in premiums. The collected premiums fund the health insurance system, allowing for the distribution of healthcare benefits to policyholders.

Read more
保険金   [hokenkin] - insurance money or benefits paid out by an insurance company to a policyholder or beneficiary

保険金 (Hokenkin) refers to insurance money or benefits paid out by an insurance company to a policyholder or beneficiary. This payment is made under the terms of an insurance policy when a specified event, such as an accident, illness, death, or property damage, occurs. The purpose of hokenkin is to provide financial protection and support to individuals or businesses, helping them to recover from losses or unforeseen circumstances.

The amount and conditions of the insurance payout are determined by the policy agreement, which outlines the coverage details, premium payments, and claim procedures. Receiving hokenkin typically requires the policyholder to file a claim and provide necessary documentation to prove the occurrence and extent of the covered event. This concept is fundamental in risk management, offering peace of mind and financial stability by mitigating the impact of adverse events.

Read more

Frequently Asked Questions

保険料 (hokenryo) is a Japanese term that translates to "insurance premium" in English. It refers to the amount of money that an individual or entity pays to an insurance company in exchange for coverage under an insurance policy.


Insurance premium is 保険料 (hokenryo) in Japanese.




← Back to Glossary

Japan’s first bilingual virtual mail, virtual address, and virtual receptionist provider

Get an all-in-one bilingual mail and compliance service to power the growth of your startup in Japan.

By signing up, you agree to our Terms of Service, Privacy Policy, and Handling of Personal Information.