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Bank of India board approves entry into Life Insurance business, to form JV with Dai Ichi Mutual Life Insurance Company of Japan
Posted On : 2006-08-28 01:15:39( TIMEZONE : IST )
Bank of India has announced that the Board of Directors of the Bank at its meeting held on August 26, 2006, has cleared a proposal for the Bank´s entry into Life Insurance business by forming a joint venture with Dai Ichi Mutual Life Insurance Company of Japan and another Indian partner. Dai Ichi Mutual Life Insurance Company is the 2nd largest Life Insurance Company of Japan and 6th largest in the Global Life Insurance Industry by written premium.
