LIC signals dual strategy to build digital arm: organic growth or startup acquisitions

LIC's CEO & MD R. Doraiswamy has outlined two primary pathways for the corporation's digital expansion. The first is organic growth: building a specialized fintech division internally from the ground up. The second is strategic investments: deploying capital to acquire or partner with high-growth external insurtech and fintech startups.

For decades, LIC has anchored its business to an unmatched physical distribution network and legacy IT infrastructure. But as digital-first competitors aggressively capture younger demographics, the insurer is signalling it will not cede ground in the digital space.