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MFC has been in the news recently: Manulife Financial Corporation has formed a 50:50 joint venture with Mahindra & Mahindra Ltd. to invest up to US$400 million in life insurance to enhance financial wellbeing in India. Additionally, Manulife launched a $350 million Longevity Institute to improve health and financial security for aging individuals and aims for a core return on equity of 18%+ by 2027.
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