The Murugappa Group is planning to get into life insurance business

By James Tam on November 19th, 2007

The Murugappa Group is now planning to get into life insurance business; its sources said that this group got inspired from its great sucess in general insurance business so after gaining big profits in general insurance, Murugappa thought why not start life insurance as well. Sources also said the Murugappa Group would go in far a partnership with Mitsui Sumitomo for the life business enterprise as well, The Japanese company was also wanted to join with the Murugappa Group in the proposed life insurance venture. Mitsui Sumitomo is the second largest insurance Group in Japan with a net written premium of $12.46 billion in 2006. it is said that Murugappa Group was looking for a three-way partnership for its proposed life insurance business.

Read: hindu.com

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