Coming soon: LIC vs. Insurtech companies

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Coming soon: LIC vs. Insurtech companies

  • Between December 2020 and January 2022, LIC’s market share fell from 68.05% to 61.4% in terms of premium income, primarily due to its dependency on agents.
  • “We want to have an entire vertical which will be digital. This will be apart from our plan to review and refurbish our existing online channel,” LIC chairman M.R. Kumar told a pre-IPO meeting on Monday.
  • Above all, a strong digital platform may help LIC curb its rising expenses, which have risen from ₹28,331.

[Via]

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