LIC Eyes Fintech Foray And Strategic Investments
ECONOMY & POLICY

LIC Eyes Fintech Foray And Strategic Investments

State-owned insurer Life Insurance Corporation of India (LIC) is exploring the establishment of a dedicated fintech arm, either through strategic investments or organic development, the chief executive and managing director R Doraiswamy said. He said the move forms part of efforts to strengthen the corporation's digital capabilities and to drive innovation across its businesses. The plan is intended to modernise operations and improve returns on policyholders' funds.\n\nDoraiswamy said LIC is actively engaging with fintech and insurtech firms to modernise applications and develop innovative solutions, while leveraging its strong in-house software development capabilities. He noted that the insurer continues to work closely with IT service providers for new infrastructure and platforms, combining internal expertise with external support. As a large financial institution with investments across sectors, LIC is also evaluating strategic stakes in specialised players.\n\nThe chief executive said the corporation is assessing multiple options including partnerships with fintech firms as it seeks to remain agile in an increasingly competitive market. On the government’s plans to dilute its stake further, he said LIC has remained prepared since its 2022 initial public offering and would coordinate with the Centre on the timing and size of any sale. The government raised about Rs 210 billion (bn) by selling a three point five per cent stake in LIC through the 2022 offer, and the Centre continues to await favourable market conditions before launching another public offer.\n\nDoraiswamy highlighted recent shareholder rewards, noting a one-for-one bonus issue and a dividend that was materially higher than the previous year, and the board has recommended a final dividend of Rs 10 per share for FY26 subject to shareholder approval. Results for the quarter showed net profit up 23 per cent to Rs 234.2 billion (bn), which he described as the highest quarterly profit posted by any financial services firm in the country. He said LIC will balance internal development with targeted strategic investments to modernise systems and enhance returns for policyholders.

State-owned insurer Life Insurance Corporation of India (LIC) is exploring the establishment of a dedicated fintech arm, either through strategic investments or organic development, the chief executive and managing director R Doraiswamy said. He said the move forms part of efforts to strengthen the corporation's digital capabilities and to drive innovation across its businesses. The plan is intended to modernise operations and improve returns on policyholders' funds.\n\nDoraiswamy said LIC is actively engaging with fintech and insurtech firms to modernise applications and develop innovative solutions, while leveraging its strong in-house software development capabilities. He noted that the insurer continues to work closely with IT service providers for new infrastructure and platforms, combining internal expertise with external support. As a large financial institution with investments across sectors, LIC is also evaluating strategic stakes in specialised players.\n\nThe chief executive said the corporation is assessing multiple options including partnerships with fintech firms as it seeks to remain agile in an increasingly competitive market. On the government’s plans to dilute its stake further, he said LIC has remained prepared since its 2022 initial public offering and would coordinate with the Centre on the timing and size of any sale. The government raised about Rs 210 billion (bn) by selling a three point five per cent stake in LIC through the 2022 offer, and the Centre continues to await favourable market conditions before launching another public offer.\n\nDoraiswamy highlighted recent shareholder rewards, noting a one-for-one bonus issue and a dividend that was materially higher than the previous year, and the board has recommended a final dividend of Rs 10 per share for FY26 subject to shareholder approval. Results for the quarter showed net profit up 23 per cent to Rs 234.2 billion (bn), which he described as the highest quarterly profit posted by any financial services firm in the country. He said LIC will balance internal development with targeted strategic investments to modernise systems and enhance returns for policyholders.

Next Story
Real Estate

Nila Spaces Introduces IKEA-Furnished Homes at Vida

Nila Spaces has partnered with IKEA to introduce designer-furnished homes at Vida, its premium residential development in Ahmedabad. The initiative marks what the company describes as the first residential project in Gujarat to offer IKEA-designed and furnished homes as part of the homebuying experience.Under the collaboration, IKEA has designed fully furnished show apartments across studio, two-bedroom and three-bedroom configurations, showcasing practical and functional home solutions tailored to urban lifestyles. Homebuyers at Vida will have the option to purchase residences with IKEA-desig..

Next Story
Infrastructure Urban

NEIINFRA 2026 Concludes in Shillong

The North East India Infrastructure Summit & Exhibition 2026 concluded in Shillong, outlining a roadmap for economic and infrastructure-led growth across Meghalaya and the Northeast.Organised and hosted by the Government of Meghalaya with the Federation of Industry and Commerce of North East Region and Build India Foundation, the second day of the summit focused on tourism, MSME funding, startups, green energy and next-generation technologies.The event was attended by Gajendra Singh Shekhawat, Union Minister for Tourism; Sniawbhalang Dhar, Deputy Chief Minister, Meghalaya; and other offici..

Next Story
Equipment

UltraTech Deploys 45 Electric Trucks

UltraTech Cement has commenced deployment of 45 electric heavy-duty trucks in partnership with Energy In Motion for clinker transportation in northern India.The fleet will transport clinker from Kotputli Cement Works, UltraTech’s integrated manufacturing unit in Rajasthan, to its grinding units at Dadri Cement Works and Sikandarabad Cement Works in the Delhi-NCR region.The trucks will cover a 250 km lead distance across Rajasthan, Haryana and Uttar Pradesh. The deployment further strengthens UltraTech’s existing fleet of over 750 green trucks.The initiative follows the signing of a transpo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement