(JP¥980)
+NT$509 Shipping fee
+NT$66 Agent service fee
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良品予定
5/51082
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No noticeable scratches or marks
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Japan
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The insurance company named "Bukkyo Seimei Hoken Kabushiki Kaisha" (Buddhist Life Insurance Co., Ltd.) cannot be confirmed at present, but there were multiple Buddhist-affiliated life insurance companies in the past. These companies were established as one of the characteristics of Japan's life insurance industry in the Meiji era. Background of Buddhist Life Insurance Companies In the 1890s, various Buddhist organizations, or organizations with religious backgrounds, established life insurance companies one after another. Some were established to raise funds for charitable activities, against the backdrop of a sense of crisis towards Christianity. Characteristics of Buddhist Life Insurance Companies Involvement of monks and religious organizations: Initially, volunteer monks recruited insurance policyholders, and in return, donations were made to individual monks, or a portion of the insurance money was donated to temples. Later, following the success of "Shinshu Shinto Seimei," the form changed to religious organizations supporting the company and donating a portion of the profits to the organizations. Management issues: Many Buddhist life insurance companies had higher business expense ratios, were inefficient in management, and had less accumulation of reserve funds compared to general life insurance companies. Asset management trends: While major life insurance companies invested in relatively low-risk stocks, Buddhist life insurance companies mainly deposited funds in local banks and banks with poor management, whose officers also served as company executives. Some cases were confirmed where asset management deviated from safety and certainty, such as high-risk stock investments of unknown nature just before dissolution, and providing funds to Buddhist organizations undergoing financial restructuring. Found during decluttering. Please refrain from purchasing if you are not comfortable with used items as they have been stored at home. Please check the condition in the photos.
5 days ago