Hiroshi Shimizu, president, Nippon Life Insurance
“India is an important market for Nippon Life due to its status of as the world’s most populous country and promising growth prospects. We will continue to contribute to the development of the life insurance and asset management market in India from long term perspective, ‘said Hiroshi Shimizu, president, Nippon Life Insurance
Singapore:
Nippon Life Insurance Company on Friday said its Singapore-based subsidiary Nippon Life Asia Pacific has received the regulatory nod to operate in India.
Nippon Life Asia Pacific focuses on market research and business management in the Asian region, and its India unit will be headquartered in Mumbai.
“India is an important market for Nippon Life due to its status of as the world’s most populous country and promising growth prospects. We will continue to contribute to the development of the life insurance and asset management market in India from long term perspective, ‘said Hiroshi Shimizu, president, Nippon Life Insurance.
Nippon Life operates life insurance and asset management business in India through strategic investment in Reliance Nippon Life Insurance and Nippon Life India Asset Management Life respectively.
“Through the growth of our life insurance and asset management, we aim to enhance Nippon Life profitability and ultimately enhance benefits to our policy holders,” said Shimizu.