LIC India to provide insurance to Bangladesh

02-Dec-2015 # Wider Regions Source: The Daily Star

India’s largest life insurance company, Life Insurance Corporation (LIC), has entered into joint venture with Mutual Trust Bank, a leading third-generation private commercial bank and SEML Group, a fund management company to begin its joint venture business in the country in three months’ time. In this venture, Mutual Trust Bank has bought a 3 per cent stake whereas SEML has bought 7 per cent.

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