LIC’s goal is ‘Insurance for All’ by 2047, policy numbers should grow from Q2: R Doraiswamy, MD & CEO

August 12, 2025

LIC’s new chief aims to boost profitability through diversified products, particularly non-PAR plans, targeting 40% of APE. R Doraiswamy plans to increase bancassurance sales beyond 10% and strategically invest in debt and equity markets. LIC is exploring health insurance ventures and addressing regulatory challenges regarding its stake in IDBI Bank.

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