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Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-

A. USA

B. Japan

C. France

D. Germany

Answer: Option B

Solution(By Examveda Team)

Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in- Japan.

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Related Questions on Insurance

What is lien?

A. An underwriting decision where increased death benefit would be payable

B. An underwriting decision where decreased death benefit would be payable

C. A decision which does not alter the death benefit

D. None of the three