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LIC looks to rejig ops, forms two core study groups

LIC is also expected to open 300 mini offices across the country by month-end

June 19, 2013 2:32 IST | India Infoline News Service
Country's largest insurer Life Insurance Corporation of India has formed two groups to study a set of issues, including investment strategy, marketing and review of its international operations and subsidiaries, according to a media report.

The move to revamp LIC is facilitated by the government and aimed to increase insurance penetration in the country.

LIC is now expected to layout an action plan along with annual goals and present it to the board. The insurer may also go for an independent mechanism to verify the actuarial valuation of the company.

LIC is also expected to open 300 mini offices across the country by month-end.

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