You are here: Home » Finance » Q&A

Irdai mulls linking insurance frauds with individuals' credit score

Business Standard

In 5 yrs, we'd like to be No. 1 in bancassurance: LIC chairperson MR Kumar

We firmly believe that once the market stabilises, our inherent strength and performance will be recognised

LIC  | Life Insurance Corporation | LIC IPO

Subrata Panda 

M R Kumar
M R Kumar, Chairperson, LIC at a Press Conference in Mumbai | Illustration: Ajay Mohanty

of India (LIC) hit the market with its initial public offering (IPO) just over a month ago. Since then, the value of the insurance behemoth’s shares has eroded significantly. In an interview, LIC’s Chairperson M R Kumar talks to Subrata Panda on a range of issues — from the reasons for the stock’s underperformance to whether the IPO could have been timed better. Edited Excerpts:



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, June 20 2022. 06:05 IST