State-run Life Insurance Corporation of India (LIC) will keep on increasing the ticket size of policies by keeping all risk factors under control, says its chairman Siddhartha Mohanty. In an interview with Mithun Dasgupta, Mohanty says the insurer's strategy will be to keep improving the product mix and the channel mix as well as transform itself on technology in parallel in order to clock higher growth rate going forward. Excerpts.
LIC on Thursday reported a close to 14-fold year-on-year jump in net profit on a standalone basis for Q1FY24.Prime Minister Narendra Modi praised LIC's performance. On Friday, the company's scrip ended the day at â¹659.95 a share, up 2.78%. You must be happy.
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