MLC Life Insurance is a specialised life insurance business. It represents a landmark strategic partnership between National ... Australia Bank (NAB) and Nippon Life Insurance under which NAB retained a significant shareholding and Nippon Life hold a majority of the shares in MLC Limited, the entity which operates the MLC Life Insurance business. The Australian-led and managed business aims to leverage Nippon Life’s global presence, built over 127 years, alongside MLC Life Insurance’s significant experience in understanding and meeting the insurance needs of everyday Australians since 1886 and with over 1,400 dedicated life insurance employees. MLC Life Insurance and Nippon Life are ideal life insurance partners with closely aligned values and cultures which put the customer first: Nippon Life has 11 million customers worldwide and has a mission to help create a secure future for its customers. MLC Life Insurance has 1.4 million customers and is still fulfilling its founder, James Garvan’s, original goal: “to bring the security and protection of life assurance within the reach of every man, woman and child.” read more