LIC CEO Says No Imminent Government Stake Sale, Targets Growth
LIC CEO R Doraiswamy said the insurer expects no imminent government stake sale, emphasizing long-term investment and strategic expansion. He outlined plans to boost equity investments, streamline policyholder services, and potentially increase stakes in firms such as ICICI Bank based on market conditions and cash flow. LIC also aims to prioritize policyholder fund safety while expanding insurance access through simpler claims and more products by 2047.