LIC debut: To declare quarterly numbers today

India's largest insurer will declare its quarterly results for first time

On Monday, when Life Insurance Corporation of India (LIC) Chairman V K Sharma meets the press to declare the country’s largest life insurer’s quarterly numbers, it would be the first time it would be doing so in its six-decade history.  

So far, LIC’s annual report, too, is posted on its website without much publicity after it gets government approval.

What has led to this change in strategy? 

According to sources, the public sector insurer wants to send India Inc and stock market participants a strong message that it is a dominant insurer and the country’s largest institutional investor.