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What is Future Prospects of LIC about?

Life Insurance Corporation has dominated the Indian life insurance market for decades but faces new challenges from private competitors. It has strengths in its trust among customers, government backing, experience, and rural market presence. However, it suffers from overstaffing, outdated products and policies, and mandatory social investments. Moving forward, LIC plans to enter the health, general insurance, and global markets, introduce new products, and leverage its brand to target remaining market shar

Author

Aman Gedam

Language

EN