Life Insurance Corporation (LIC) of India debuted on the bourses on Tuesday and closed about 8 per cent below their discount. M R KUMAR, chairperson, LIC, speaks to Subrata Panda about the listing of the insurance behemoth, plans in terms of products and distribution strategy, and how LIC intends to increase profitability. Edited excerpts:
How do you view the discount at which the shares got listed?
Markets were very jittery. We were not expecting a big listing. It will pick up as we go along. I am sure a lot of people, especially policyholders who missed out on the allotment, will