LIC taking steps to transform corporate governance: DIPAM Secretary

Some of these steps include improving LIC's 13th month and 25th persistency ratio, which is less than its peers

The management of Life Insurance Corporation (LIC) of India is taking a number of initiatives to transform corporate governance at the India’s largest insurer such as improving persistency ratio, hiring professionals, and boosting employee productivity, said Department of Investment and Public Asset Management (Dipam) Secretary Tuhin Kanta Pandey.
 

A lot of teamwork was put into the listing of LIC that required a series of legal changes, among others, and now the management of the insurer is taking post-listing initiatives that involve addressing corporate governance challenges, said Pandey.

“LIC is taking a number of initiatives. It’s important from the point of