Sumitomo Life

Sumitomo Life Insurance Company is a mutual life insurance company in Japan, founded in 1907 and headquartered in Osaka.
In 2005, the company announced a joint venture with the People's Insurance Company of China. The new company was named PICC Life Insurance, which sells insurance products, including savings-oriented endowment insurance policies.
In 2012 Sumitomo Life decided to become a strategic partner of Bao Viet Insurance from Vietnam by acquiring 18% of the company's shares previously held by HSBC.

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