👥 HR & Workplace🇮🇳 India
LIC Bets on Protection Plans as Market Volatility Squeezes Its Savings Funds
mint - companies·Tuesday, 7 July 2026
LIC's CEO R. Doraiswamy flagged a strategic shift toward term and protection-oriented insurance products in the company's annual report. He also acknowledged that market volatility has put pressure on LIC's participating funds — the ones tied to investment returns. The insurer is positioning protection plans as its next growth driver.
Why It Matters
LIC covers hundreds of millions of Indians. A shift in its product strategy could change what policies are pushed to ordinary customers and how their savings-linked plans perform.
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