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Insurance

Japan's Nippon Life Insurance launches India subsidiary

Unit to provide management and research support for local affiliates

Nippon Life Insurance aims to better support its Indian businesses through the new unit.   © Reuters
Nikkei staff writers | India

TOKYO -- Japan's Nippon Life Insurance has established a new subsidiary in India to bolster its operations in the market, the company said Thursday.

Nippon Life Asia Pacific, a unit based in Singapore, formed Nippon Life India as its direct subsidiary. The new unit will provide management support and market research for Nippon Life's affiliates in India.

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