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The Economic Times

LIC targets stronger market leadership as it approaches its platinum jubilee

LIC R Doraiswamy Insurance Corporation India

New Delhi: LIC CEO and MD R Doraiswamy has said that despite rising competition in the life insurance sector, the Corporation will stay focused on strengthening its leadership position while contributing to the national development as it heads toward its platinum jubilee.

Insurance behemoth LIC alone commands close to 60 per cent market share in the life insurance segment and manages assets of over Rs 57 lakh crore. It has real estate properties valued at around Rs 60,000 crore.

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