LIC Leveraging Tech

Vipin Anand, Managing Director of Life Insurance Corporation of India (LIC), the largest Indian insurer felt new technologies, capable of offering differential pricing-based personalised options to customers, would revolutionise the insurance industry. Delivering the keynote address at Outlook Money Insurance Summit on “New Normal: New Realignment”, Anand said, “We (LIC) are digitally transforming ourselves continuously to serve our policyholders’ better and fulfil the expectations of all stakeholders.” The mega Summit, held by Outlook Money, was attended by a galaxy of industry doyens, brokers,agents, customers and other stakeholders. “We need to understand the current technological opportunities available and adopt them selectively to improve services to customers,” said Anand. The COVID-19 pandemic has caused more and more industries to adopt...