As of 2023, Disability Income Insurance Contracts in Japan stood at 67 billion Japanese Yens. The forecast data for 2024 projects an increase to 69.73 billion Yens, which implies a year-on-year growth of approximately 4.1%. This upward trend is consistent into 2025 with a projected value of 72.49 billion Yens, marking a year-on-year growth of roughly 4%. The growth continues steadily through 2026, 2027, and 2028, with estimated values of 75.2, 77.85, and 80.45 billion Yens respectively. Over the last five years, this indicates a Compound Annual Growth Rate (CAGR) of about 3.8%.
Future trends to watch for include the impact of demographic changes in Japan, such as an aging population, which may drive more individuals to seek disability income insurance. Additionally, technological advancements could lead to easier access and better customization of insurance products, potentially attracting a broader customer base.