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Asahi Mutual Life acquires stake in independent life insurance seller

Asahi Mutual Life Insurance Co. acquired a stake in Financial. Life. Plan. Co. Ltd., or F.L.P., with the latter now a unit of the Japanese insurer.

The value of the deal was not disclosed, according to an Oct. 10 filing.

F.L.P. operates primarily in the Tokyo area with 20 shops where it sells life insurance policies of various insurance underwriters. The company also provide consulting services regarding life insurance.