LIC to launch 3-4 products for double-digit growth in new biz premium in FY24: Chairman
In a bid to achieve double-digit growth in new business premium this fiscal year, Life Insurance Corporation (LIC) is gearing up to launch 3-4 new products. LIC Chairman Siddhartha Mohanty expressed confidence in the strategy, emphasizing a positive trend in individual retail business. The first product, set for December, promises assured returns with a unique feature—policyholders receive 10% of the sum assured lifelong post-maturity.
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