Policyholders who missed out on allotment will pick up LIC shares: MR Kumar

We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar

M R Kumar , chairperson, LIC

M R Kumar , chairperson, LIC

Subrata Panda
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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 18 2022 | 6:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com