LIC FOCUS ON TRADITIONAL PRODUCTS

Mumbai: LIC Insurance Corp of India intends to shift the focus of its sales strategy towards traditional insurance products and tone down the emphasis on unit-linked insurance plans. In an interview to NewsWire18, Mr. Thomas Mathew, Managing Director, LIC said, “There is a shift in our focus, which is toward traditional policies. In the current financial year, we aim 70 per cent of the new business premium coming from ULIPs.”

Source: NW18, The Hindu Business Line