Friday, 24 March, 2023
LIC witnesses growth due to digital transformation
<p>LIC, in a conversation with investors, said that it had spent around Rs 565 Cr since it started investing heavily in digital transformation initiatives. LIC's 26% of the total premium collection is paid through digital channels in FY19 as a result of digital transformation, the number reached 43% in FY21. In the same fiscal, it's registered 95% annual growth in premium paid through app. Its portal had nearly 53L registered users.<br /> </p>
Read full story at Times of India
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