Sumitomo Life Insurance Co. has launched an insurance policy specifically covering costs for treating eye conditions, available only to those who purchase disposable contact lenses sold by the Japanese unit of U.S. pharmaceutical giant Johnson & Johnson. The product, offered to “Acuvue” users free of charge if certain conditions are met, is the first of its kind in Japan’s life insurance industry, according to the insurer. “Memamori Hoken” provides a one-time payout of 5,000 yen ($34) for expenses associated with eye treatment, including hospitalization, surgery, or prescribed eye drops. The p…