Feb 24 (Reuters) - Australia's ClearView Wealth CVW.AX said on Tuesday that the local unit of Zurich Insurance Group ZURN.S has agreed to buy the life insurer for A$408.3 million ($288.30 million).
Under the deal, ClearView shareholders will receive cash consideration of 65 Australian cents per share, a 21.5% premium to its last closing price.
($1 = 1.4162 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru; editing by Rashmi Aich)
((Nichiket.Sunil@thomsonreuters.com))