|New Delhi - 09/07/2012
Source: The Pioneer
Confident of India’s robust growth potential despite the short-term economic headwinds, Japan’s Nippon Life has said it will put to use all its resources to help its Indian partner Reliance Life become the country’s top life insurance company. Nippon Life, Asia’s largest private life insurer and seventh biggest globally, has a whopping asset size of $650 billion and has made two of the largest FDIs in the Indian financial services sector -- over Rs 3,000 crore in Reliance Life and about Rs 1,500 crore in Reliance Capital Asset Management Company (RCAM). Listing out the factors that attracted it to India, Nippon Life Insurance Company’s President Yoshinobu Tsutsui said the news agency that numbers like overall population, the demographic percentage of young people and steadily rising per capital GDP make India a very attractive investment destination for it.