LIC To Sell 30.24% Stake In IDBI Bank, CEO Explains How This Will Impact Shareholders
NDTV Profit · 06 Nov 2026 · 7 min
Management interview of Life Insurance Corporation of India (LICI), with 2 key numbers discussed.
- R Doraiswamy, MD & CEO, Life Insurance Corporation of India
LIC reported growth in new business premium and VNB margins in Q2FY27 driven by product and channel mix improvements. MD & CEO R Doraiswamy noted that ULIP growth was subdued due to capital market volatility, but expects Q3 and Q4 to be much better as the insurer focuses on savings and protection. Regarding the IDBI Bank divestment, LIC expects the bancassurance partnership to remain strong and continue contributing at least at current levels. Persistency ratios and the bancassurance share of new business are expected to trend upwards.