New Delhi: India's low insurance penetration, coupled with economic growth, rising household incomes, increasing financial awareness and longer life expectancy, is expected to drive strong demand for protection, savings and retirement products in the coming years, LIC CEO & MD R Doraiswamy said on Tuesday.
"Meeting that demand, while adapting its distribution and product mix to a more competitive and digital market, will define LIC's next chapter," he said on the Corporation's 70th foundation day.
