Other Private Equity/Strategic Investments
LIC plans fintech foray; considers strategic investments
Mumbai-based Life Insurance Corporation of India (LIC), plans to set up a fintech arm to enhance its digital capabilities. The company is evaluating options to either build the division internally or through strategic investments in external entities.LIC maintains an internal software development centre but continues to collaborate with various IT service providers for infrastructure and platform development. The initiative aims to modernise IT applications and improve business agility in a competitive market environment.
For FY25, LIC had reported about INR 55,498 Cr in Operating Income and about INR 48,151 Cr in PAT.
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