Press Release

Influenza Insurance service page：
https://www.paypay-insurance.co.jp/promotion/influenza/app/

※ 昨年と同一のPayPayアカウントで「インフルエンザお見舞い金」に申し込むと、自動的に割引が適用されます。

PayPay Insurance Service Corporation（hereinafter PayPay Insurance Service）, a group company of LY Corporation（hereinafter LY）, Z Financial Corporation, and PayPay Corporation（hereinafter PayPay）are pleased to announce that the Influenza Insurance（hereinafter Insurance）is again on offer in the PayPay Insurance mini app（※1）within the cashless payment service PayPay starting today. This Insurance was launched in January 2023 as the first product in Japan specifically designed for influenza（※2）, and has been well received by many users, with the total number of subscriptions exceeding 78,000.
A repeat discount（※3）is available this year, allowing last year’s subscribers to apply for as little as 240 yen a month（※4）.

According to preliminary data released by the National Institute of Infectious Diseases（※5）, influenza cases are already increasing particularly around Okinawa. Similarly, the publication by the Tokyo Metropolitan Infectious Disease Surveillance Center（※6）shows that outbreaks are already happening in elementary and junior high schools.
Responding promptly, PayPay Insurance Service has reintroduced the Insurance to help users prepare against such conditions.

Subscribers to this insurance receiving antiviral prescriptions for Influenza A or B during the insurance term will be eligible for medical treatment benefits（※7）. Additionally, a hospitalization benefit is granted for admissions of two days（one-night stay）or more if aimed at treating Influenza A or B. Users can easily subscribe for as little as 250 yen per month, and benefits can be received as quickly as the same day.

Family coverage is also possible through a single application, addressing potential household infections with children or elderly family members. Users can choose from three monthly plans—Easy, Basic, and Safety—tailored to individual needs, payable using PayPay Balance including PayPay Points or PayPay Credit.
This insurance policy has been well received by many users as the first insurance product in Japan designed specifically for influenza, garnering approximately 32,000 applications in the first three months since its launch in January 2023. From October 2023, it saw 46,000 enrollments over six months, with cumulative subscriptions surpassing 78,000. Among the subscribers, those in their 30s to 50s tend to opt for family plans, while across all age groups, over half select the Safety Plan, which pays up to 7,000 yen in treatment benefits.
The hospitalization benefit stands at 30,000 yen; however, the Koredake Medical Insurance product offers more extensive inpatient coverage.

Since the mini app PayPay Insurance was launched in December 2021, in just over two years and eight months, it has amassed over 4.3 million enrollments across all products（※8）. PayPay Insurance Service will continue to help users by providing high-quality insurance products that suit their needs to make insurance even more accessible.

※1 A feature that allows users to smoothly make reservations, order products, and make payments for services provided by PayPay’s partner companies from the PayPay app
※2 Based on research by Aiaru Syougakutankihoken Corporation（as of September 2024）
※3 The repeat discount applies to Influenza Insurance subscribers from last year regardless of plan or duration, automatically offering a discount when reapplying via the same PayPay account. The repeat discount is applied only with the three monthly plans, Easy, Basic, and Safety.
※4 If the Easy plan（20-99 years old）is selected.
※5 Based on the “IDWR Preliminary Data, Week 40 of 2024, Number of Diseases Identified at Fixed Points（Weekly Report）, Number of Reports, Number of Reports per Fixed Point, by Prefecture.”
https://www.niid.go.jp/niid/ja/data.html
※6 Based on the “Influenza Epidemic Status（Tokyo 2024-2025 Season）” published by the Tokyo Metropolitan Infectious Disease Surveillance Center.
https://idsc.tmiph.metro.tokyo.lg.jp/diseases/flu/flu/
※7 Expenses related to influenza vaccination are not covered by this insurance.

■ Influenza Insurance Details

Period of availability and insurance

＜Period of availability＞
October 24, 2024 – March 22, 2025

＜Period of insurance＞
November 3, 2024 – April 30, 2025

Coverage (applicable reasons for the payment of insurance money)

＜Medical expenses＞
When a policyholder contracts influenza A or B during the period of insurance and is prescribed anti-influenza medication at a hospital or other medical institution.

＜Hospitalization expenses＞
The policyholder suffers from symptoms of influenza A or B and is hospitalized for two or more consecutive days (one night and two days) for the purpose of treatment.

※ The benefits can only be paid out twice.
※ Limited to medical institutions in Japan.

Plans（premium and insurance money）

There are three monthly plans: Easy Plan, Basic Plan, and Safety Plan. Plans can be selected according to the needs of users.

※ The repeat discount, when applicable, will result in a 10 yen discount of the premium. Those who previously subscribed between October 11, 2023 to March 22, 2024 are eligible.

Other characteristics

＜Easy to apply＞
The application and subsequent premium payments can all be completed easily through the PayPay app. The application will be even easier if the user has already verified their identity in the PayPay app, which eliminates the need to input information such as their name. Applications for family members can also be bundled smoothly.

＜Easy to file a claim＞
Users can file a claim by uploading receipts and statements issued by medical institutions and dispensing pharmacies through the PayPay app.
The insurance settlement will be transferred to the bank account designated by the user.

How to use

Users can complete the purchase of an insurance policy with simple steps all within the PayPay app.
The Insurance will be provided by PayPay Insurance Service and Aiaru Syougakutankihoken Corporation（President: Katsuyuki Ando）, a subsidiary of Sumitomo Life Insurance Company.

For more information on the Influenza Insurance, please click on the link below.
https://www.paypay-insurance.co.jp/promotion/influenza/app/

※ “PayPay” offers four types of electronic money as part of its services: PayPay Money, PayPay Money Lite, PayPay Points, and PayPay Gift Vouchers.
PayPay Money can be used to pay for partner services and merchants if it is within the amount deposited into the PayPay account opened after completing an identity verification process. It can also be used for sending and receiving money between PayPay users free of charge. PayPay Money can also be cashed out to a designated bank account（no withdrawal fee if using PayPay Bank）. The legal nature of this is an electromagnetic record which can be used to pay for goods and services, can be remitted or cashed out, and is issued by PayPay who is a Fund Transfer Operator registered under Article 37 of the Payment Services Act. PayPay Money（Paycheck）refers to PayPay Money that can only be purchased with wages received by the PayPay user in their Paycheck Account. Based on the provisions of Article 43 of the Payment Services Act, PayPay protects the debt it owes to its users by depositing assets equivalent to or higher than the debt amount. PayPay Money Lite is an electronic money issued by PayPay, which can be purchased and used to pay for services and merchants. PayPay users can transfer and receive PayPay Money Lite free of charge. The legal nature of this is a prepaid payment instrument issued by PayPay（Article 3, Paragraph 1 of the Payment Services Act）. Based on the provisions of Article 14 of the Payment Services Act, PayPay preserves the relevant assets for the purpose of protecting the owners of the prepaid payment instrument by providing a security deposit for issuance to the Legal Affairs Bureau in an amount that is half or more of the unused balance of prepaid instrument methods as of March 31 and September 30. In addition, PayPay Points, which are granted through campaigns and promotions when using PayPay, can be used for partner services and in transactions at merchants in addition to PayPay Money and PayPay Money Lite. However, it cannot be transferred to other users or cashed out. PayPay Gift Voucher is a type of electronic money issued by PayPay, which can be used to make payments for affiliated services and merchants designated by the PayPay Gift Voucher. However, it cannot be transferred to other users or cashed out. PayPay Gift Vouchers have an expiration date, after which they will no longer be valid. The deadline for Gift Vouchers can be confirmed in the details or specifications of the measure or promotion campaigns for which they are issued. PayPay also strives to create a safe and secure environment for users. If an unexpected payment is made by a third party using a PayPay account, or if a request to settle a payment suddenly arrives from PayPay to a user that does not have a PayPay account, there is a scheme that ensures compensation for the damages suffered（the difference will be provided as compensation if compensation is also provided by a third party）, given that the prescribed conditions are met. For more details, please visit application for compensation.

Overview of PayPay Insurance Service Corporation

Overview of LY Corporation

Overview of Z Financial Corporation

Overview of PayPay Corporation

Overview of Aiaru syougakutankihoken Corporation

※ Company names, trade names, and products/services in this press release are registered trademarks or trademarks of their respective companies.