A cultural similarity in the insurance market was a big draw when Life Insurance Corporation of India re-entered the local market.
The companys earlier operations were taken over by the government with nationalization of the industry in the sixties.
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rnThe company also had a lot of money left locally to service its existing customers after nationalization, which was used as seed capital to start the new business.rn
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-LBR Newsdesk: LBOEmail@vanguardlanka.comrn
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