India News: LIC explores health insurance entry, considers composite licenses, and aims to boost market coverage, reporting improved FY24 results and dividend rec
It is indeed a bonanza time for the Government of India as LIC declared a record dividend payout with the government set to receive Rs 3,362 crore as the largest shareholder just days after receiving a substantial dividend from the RBI
The country's largest life insurer reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, up by 4.5 percent, compared to Rs 13,191 crore reported in the corresponding period of the last financial year.
Get latest articles and stories on Business at LatestLY. Launching new products and diversifying products mix, focusing on digital transformation are among the key focus areas of insurance behemoth Life Insurance Corporation of India (LIC), as per a company regulatory filing. LIC said it now intends to focus on "strategic interventions" to maximize the market share. Business News | LIC Says Focusing on Strategic Interventions Including Products Launch to Raise Market Share.