Life Insurance Corporation of India (LIC), which has an investment corpus of Rs 12 lakh crore, doesn’t act on anybody’s behalf while making investments, says its current-in-charge chairman DK Mehrotra in an interview to George Mathew.
Excerpts:
How was the last fiscal for you?
Our performance was impacted because of the general slowdown. The market was also volatile and retail investors were holding back. Our premium collection fell last year but our overall collection was more or less steady. Customers have continued with old policies.
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