WealthNavi Inc. announced that the company launched an online insurance advisory service which assists its users to select and review life insurance products on May 7, 2024. The company initially provides the new insurance advisory service to the existing users of WealthNavi, and then to a wider range of users in the near future. The company has been providing its robo-advisor service WealthNavi, a fully automated end-to-end wealth management service, to support working families build wealth for their comfortable retirement through a long-term, globally diversified investment.

In January 2024, the Company launched new Robo-NISA which is fully aligned with New NISA started in the same month, and the number of WealthNavi users exceeded 380,000. Combining life insurance and investment in NISA account: The company suggests users to subscribe insurance to prepare for immediate contingencies while to build and maintain a long-term, globally diversified investment portfolio for a more comfortable retirement. The optimal insurance coverage evolves depending on life stages and financial conditions.

It is challenging for busy working families to adjust the balance between insurance and investment while choosing the most suitable insurance products. The new service will advise when and which insurance users should subscribe, considering the life stages and financial conditions. The insurance assessment and application process will be completed online, and the service is available for busy working families whenever it is convenient for them.

Main features of the service: Visualizes the needed amount in case of contingencies in about 3 minutes: The company provides a life plan simulator for free to assess the coverage amount needed in case of contingencies. The estimated amount needed will be automatically calculated by entering data on yourself and family as well as answering questions about life plan. It takes about 3 minutes for the simulation; Suggests an optimal insurance product to cover the financial shortage: The service suggests an optimal insurance product for the user based on the assessment by the life plan simulator.

The service chooses the most suitable product among insurance products offered by FWD Life Insurance Company and Zurich Life Insurance Japan Company. The company mediates life insurance contracts between users and life insurance companies as an insurance agency, and it does not hold an authority of agency or notice of acceptance. Users visit the website of an insurance companies to complete the application process.

The data entered in the life plan simulator and the suggested insurance product are to be transferred to the insurance companies so that the application process would be easier and more convenient for users. User-friendly interface /Customer support via telephone: The service interface is simple and easy to use. In addition, users can contact customer support through telephone.