
Life Insurance Premium Deduction 2026: Complete Guide to Seimei Hoken Deduction, 3 Categories & ¥120,000 Tax Savings
If you have life insurance in Japan, you may be eligible for up to ¥120,000 in annual income deductions (seimei hoken-ryō kōjo). This translates to significant savings on both income and residence taxes. Yet many people don't claim this deduction. Proper application often results in tax refunds or reductions worth tens of thousands of yen.





