 "Siddhartha Mohanty")
Life Insurance Corporation (LIC) of India has adopted a three-pronged strategy to boost premium income growth. SIDDHARTHA MOHANTY, chairman, LIC, discusses a range of issues from product launches to the digital transformation journey that it has embarked upon, in an interview with Manojit Saha and Aathira Varier. Excerpts:
There was a decline in first-year premium income in the first half (H1) of 2023-24 (FY24). What was the reason, and where do you see LIC’s market share by March 2024?
Due to a high base in group premium in H1 of 2022-23 (FY23), there was a dip in the overall premium
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