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LIC BANCASSURANCE STRATEGY
LIC's goal is 'Insurance for All' by 2047, policy numbers should grow from Q2: R Doraiswamy, MD & CEOLIC's new chief aims to boost profitability through diversified products, particularly non-PAR plans, targeting 40% of APE. R Doraiswamy pl...- Game changer? LIC may enter indemnity health insurance by buying stand-alone private insurer, says CEOSiddhartha Mohanty, CEO & MD of LIC, discussed the company's plans to enter the indemnity health insurance sector by potentially acquiring ...
- LIC wants to double AUM to Rs 100 lakh crore within 5 years; focus on top-line growth: Siddhartha MohantyLIC CEO Siddhartha Mohanty noted an increase in AUM to Rs 53.58 lakh crore, marking 16.2% growth. Operational efficiency improved, leading ...
- Investors will get good mid-to long-term RoI: LIC chairman MR KumarTo millions, the Life Insurance Corporation (LIC) of India is the primary shield against life's uncertainties. For investors, though, LIC's...
- Determination of embedded value 'work in progress': LIC MDLIC's embedded value was pegged at about Rs 5.4 lakh crore as on September 30, 2021 by international actuarial firm Milliman Advisors.
- Determination of embedded value 'work in progress': LIC MDLIC's embedded value was pegged at about Rs 5.4 lakh crore as on September 30, 2021 by international actuarial firm Milliman Advisors.
- LIC management on cutting IPO size, reducing valuation & LIC 3.0“We may have to rethink the strategy. Already we have changed the strategy to an extent where we have a separate fund for ULIPs, for exampl...
- LIC looks to file for IPO by January 3rd weekIn one of its interactions with global investors in the run-up to its record-setting initial public offering (IPO), top LIC officials have ...
- These 7 stocks could give bounce-back returns in 2021-22Investors should consider 2020-21 an abnormal year and start valuing stocks based on the 2021-22 earnings. However, almost all companies wi...
- LIC made Rs 10,000 crore profit in equity since April 1: Chairman'People may want to take insurance as a basic necessity for what it provides, rather than for the tax breaks that it give'
- LIC chief on investing, growth, ULIPs, IDBI Bank merger & moreWhat has been working for us so far will work in the future as well, says LIC chairman MR Kumar.
- ULIPs sell more now but that would change in next 5-7 years: Amitabh Chaudhry, HDFC Life“Agency accounts for 11% of our business, we want to take it to 25-30%”
- Life Insurance industry expected to grow a little ahead of nominal GDP: Sandeep Batra, ICICI Pru LifeWe are focussed on expanding our value of new business which comes from expanding savings as well as protection business.
- FDI cap in insurance needs to go up: Tarun Chugh, PNB Metlife"We are hopeful of an increase in FDI in the insurance sector. The cap on FDI in the insurance sector needs to be increased. "
- For Insurance sector, India will never be attractive on margins : Sandeep Bakshi, MD & CEO, ICICI Prudential Life InsuranceNot much has been going right for the insurance industry in past three years while government-backed giant Life Insurance Corporation still...
- Reliance Life eyes insurance tie-ups with smaller banksReliance Life Insurance Company is exploring bancassurance partnerships with multiple tiny banks since bigger entities are not available fo...
- ICICI Prudential will build on renewal premium: Sandeep Bakhshi, CEO & MDICICI Pru's Sandeep Bakhshi says renewals are critical and the co will strive to create volume for agents by selling more products & creati...
- Banks may get to sell policies of rival insurersThe insurance regulator is reviewing rules that restrict banks from selling policies of rival insurance companies. The proposed move may up...
- Our focus is to build customer satisfactionThere is a scope to expand the life insurance market further, says Birla Sun Life chief Vikram Mehmi.
- Metlife wants more bancassurance JVsMetlife India, an affiliate of America’s largest life insurer Metlife, is changing its approach to distribution.
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