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Insurance

Nippon Life offers insurance to low-income Asians at 40 cents a month

Japanese provider looks to tap $90bn-plus sector with microinsurance

A street vendor on the streets of Jakarta. Nippon Life will first sell its microinsurance in Indonesia before expanding to other markets.   © Reuters

TOKYO -- Japan's Nippon Life Insurance will start selling "micro" plans targeting low-income customers in Asia, with the goal of issuing at least 350,000 policies in the next five years.

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