Life Insurance Corporation of India (LIC) is in talks with Insurance Regulatory and Development Authority (IRDA) for launching some new products.
The insurer has introduced many new products since January 2014. LIC recently launched its first online term plan.
LIC Managing Director SB Mainak said that the insurer is expecting to maintain market share at 82% during the current fiscal.
The state-owned insurer's market share increased to 82% last fiscal as against the previous year's level of 76%.
LIC's new premium collection was at Rs 24,350 crore in January-March 2014 as against Rs 26,210 crore in the previous year.