LIC sets sights on a business strategy tweak
Mumbai: Life Insurance Corporation of India is stepping up its focus on non-participating savings and protection products to sustain profitability gains, as weak equity market sentiment weighs on unit-linked insurance plan (ULIP) sales and individual business growth remains muted.The insurer has seen a sharp improvement in product-level margins, with share of non-par growing to 13% in the first…
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LIC sets sights on a business strategy tweak (opens The Economic Times in a new tab)
Mumbai: Life Insurance Corporation of India is stepping up its focus on non-participating savings and protection products to sustain profitability gains, as weak equity market sentiment weighs on unit-linked insurance plan (ULIP) sales and individual business…
