Article 209Insurance Policies, etc. Not Subject to Life Insurance Premium Deduction

①The insurance policies specified by Cabinet Order as prescribed in Article 76, paragraph (5), item (i) (Life Insurance Premium Deduction) of the Act are, among insurance policies with an insurance period of less than five years concluded by a life insurance company prescribed in Article 2, paragraph (3) (Definitions) of the Insurance Business Act or a foreign life insurance company, etc. prescribed in paragraph (8) of that Article, those that provide for payment of insurance proceeds or similar benefits only where the insured person is alive on the last day of the insurance period, or those that provide for payment of insurance proceeds or similar benefits only where the insured person is alive on the last day of the insurance period and where the insured person dies during that period due to a Disaster, a Category I Infectious Disease or Category II Infectious Disease prescribed in Article 6, paragraph (2) or (3) (Definition of Infectious Diseases) of the Act on the Prevention of Infectious Diseases and Medical Care for Patients with Infectious Diseases (Act No. 114 of 1998), or another special cause similar to these.

②The contracts pertaining to life mutual aid specified by Cabinet Order as prescribed in Article 76, paragraph (5), item (iii) of the Act are, among contracts pertaining to life mutual aid with a mutual aid period of less than five years, those that provide for payment of insurance proceeds or similar benefits only where the covered person is alive on the last day of the mutual aid period, or those that provide for payment of insurance proceeds or similar benefits only where the covered person is alive on the last day of the mutual aid period and where the covered person dies during that period due to a Disaster, an infectious disease prescribed in the preceding paragraph, or another special cause similar to these.

③Those specified by Cabinet Order as prescribed in Article 76, paragraph (6), item (iv) of the Act are insurance policies under which insurance proceeds or similar benefits are paid on account of a disease or bodily injury, or another cause similar to these, that occurred within the period from departure from one's residence for travel to a foreign country until return to one's residence (referred to as the "overseas travel period" in the following paragraph).

④Those specified by Cabinet Order as prescribed in Article 76, paragraph (7), item (ii) of the Act are life mutual aid contracts or similar contracts prescribed in paragraph (5), item (iii) of that Article under which insurance proceeds or similar benefits are paid on account of a disease or bodily injury, or another cause similar to these, that occurred within the overseas travel period.