Dai-ichi LifeInsurance Co. Ltd. said March 29 that it plans to transition to acompany with a board with audit committee structure.

The transition is set to take place along with the company'sshift to a holdingcompany structure on Oct. 1.

The plan is subject to shareholder and regulatory approvals.

The company said the audit committee will exercisesupervision over the board from an independent standpoint.