How LIC's business slipped ahead of its mega IPO3 min read . Updated: 01 Feb 2022, 01:43 AM IST
LIC lost nearly 10 percentage points in market share to nimbler rivals since Oct 2020 and about 8% between Dec 2020 and December 2021, according to Irdai data. Between Dec 2020 and now, LIC’s market share in terms of premium income dropped from 68.05% to 61.4%
MUMBAI : Life Insurance Corp. of India (LIC), which is likely to go public soon, has steadily ceded market share to private insurers, especially those owned by banks, after the pandemic hit India.
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