LIC aims to retain market leadership at centenary, bets on protection products
moneycontrol · 09 Nov 2026 · 14 min
Management interview of Life Insurance Corporation of India (LICI), with 2 key numbers discussed.
- MD & CEO, LIC
LIC's management outlined its five-year strategy, focusing on retaining market leadership until its centenary by driving digital transformation and expanding AI capabilities across operations. The company is actively diversifying its product portfolio by scaling up protection plans, including a new term product for the missing middle and reintroduced health products. Additionally, LIC reported growing traction in ULIPs alongside traditional savings and annuity lines. Management stated there is no requirement for AI-driven layoffs, as natural retirements already reduce headcount while existing personnel are being digitally upskilled.