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LIC DIGITAL TRANSFORMATION
LIC highlights stronger profitability, higher margins and digital push ahead of investor meetingsIndia's Life Insurance Corporation (LIC) has reported robust financial performance, with net profit soaring to $6.07 billion and margins im...- India Inc keen to take bite of AI, but RoI and security hold it from sinking teethIndian businesses are eager to adopt AI but face hurdles in scaling projects securely and profitably. Leaders emphasize that successful AI ...
- LIC plans foray in fintech space, strategic investment also on table: CEO DoraiswamyInsurance giant LIC is exploring a fintech arm to boost digital capabilities. The company is also prepared for potential further stake dilu...
- We are ambitious and working to become a top 5 private bank again: Vinay Tonse, MD & CEO, Yes BankYes Bank is embarking on an ambitious journey to enhance its foundational elements—people, processes, products, and technology. With a keen...
- LIC should continue focus on digital marketing: NagarajuLIC's AUM stands at Rs 57.23 lakh crore. Financial Services Secretary M Nagaraju urged LIC to embrace digital marketing and a mobile-first ...
- Bank officers' union AIBOC opposes privatisation of IDBI BankAIBOC has criticised the government's decision to privatise IDBI Bank, calling it a betrayal of parliamentary assurances made in 2003. The ...
- LIC launches marketing tech platform under project DIVE; set to redefine customer engagementState-owned Life Insurance Corporation of India (LIC) has launched its MarTech platform, marking the first significant step in its Project ...
- Infosys ties up with LIC to push digital transformationInfosys has been chosen by Life Insurance Corporation (LIC) to lead its digital transformation with the NextGen Digital Platform. This init...
- 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 ...
- Expect LIC’s VNB margin to grow 2-3%, India embedded value to surge at least 10% in FY25: Siddhartha MohantyLIC Chairperson Siddhartha Mohanty highlights significant growth in India embedded value and VNB margins, aiming for further growth. Market...
- LIC to play key role in achieving 'Insurance For All by 2047: ChairmanLIC is planning to launch a product specifically designed for rural areas to achieve 'Insurance For All by 2047'. The product will consist ...
- LIC exploring possibility of setting up fintech arm: chairman Siddhartha MohantyIt is to be noted that LIC has added three fintech companies as corporate agents so far in the current year for product distribution. The i...
- LIC exploring possibility of setting up fintech arm: Chairman"Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everyb...
- Digital transformation of all operations on LIC agenda, says Chairman MohantyLife Insurance Corporation of India (LIC) says last quarter's earnings of INR9,543 crores ($1.3bn) was sustainable and profit was likely to...
- LIC chairman on Adani holdings, IDBI stake & growth at 15% CAGR"This year we are taking on a big digital transformation project for the entire operation of LIC. This digital transformation project will ...
- LIC seeks bids for consultancy services for its digital transformationThe strategy drawn should be in line with LIC's business strategy with the aim of organizational growth, sustainable competitive advantage,...
- LIC Housing Finance disburses Rs 1,331 crore of loans via mobile appIt said the 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020. More than 7,300 of these c...
- LIC Housing sees record monthly disbursals in SeptIn July, the mortgage lender had slashed home loan rates to an all-time low interest rate of 6.9 per cent for home loan borrowers.
- LIC assets rise to Rs 31.11 lakh croreWith the increased business, the market share of the insurer rose to 73.1 per cent at the end of July 2019.
- LIC MF and Standard Chartered bank team up for UPIThis platform would help retail investors to participate actively in mutual fund investment opportunities.
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