LIC Insulates Distribution from Impact of New Irdai Norms
LIC stated it is well-positioned under Irdai's new distribution regulations and has taken measures to protect bancassurance channel performance despite the upcoming sale of IDBI Bank, its largest bank partner. LIC's CEO R Doraiswamy highlighted the insurer's low expense ratio and diversified network as advantages. Executive director Hemant Buch said IDBI Bank's contribution has decreased to about 20% of LIC's bank-driven business, expecting no major impact from the sale.
TOI Business··Mumbai



