New Delhi. Life Insurance Corporation of India, the country’s largest insurance company, has started Digi Zone to increase its digital reach. LIC said in a statement issued on Wednesday that with the objective of becoming a technology-oriented life insurance company, it will provide information about its products and services through kiosks installed in the premises.
Can Pay Premium Customers can buy policies, pay premiums and avail other services through LIC Digi Zone. The company is gearing up for the digital transformation to take advantage of faster growth, improve customer satisfaction, etc., the statement said.
LIC’s IPO will not come in this financial year It is worth noting that due to the time taken in the valuation of Life Insurance Corporation of India, its initial public offering (IPO) is unlikely to come in the current financial year 2021-22.
A senior official of a merchant banker involved in the preparations for the IPO says that the work of valuation of this big company is not yet complete and it may take some more time. Even after the valuation work is completed, it will take time to complete many regulatory processes related to the issue.
Valuation of LIC is a very complex process Valuation of LIC is a very complex process in itself. The reason for this is that the size of LIC is very large and its product mix is also mixed. It has real estate assets and several subsidiary units.
