INSUBCONTINENT EXCLUSIVE:
LIC has appointed Infosys to build its state-of-the-art NextGen Digital platform
(Photo: Shutterstock)2 min read Last Updated : Sep 16 2024 | 10:47 AM IST
State-owned Life Insurance Corporation (LIC) announced on
Monday that it has roped in tech giant Infosys to develop its next-generation digital platform
this digital platform to be the foundation for building high-value business applications such as the customer and sales super apps, portals
end-to-end digital insurance solution to provide excellent services to its customers, business lifecycle management, and operational
that LIC is looking forward to its partnership with Infosys in creating world class digital solutions and providing best in class experience
for its stakeholders including customers and sales intermediaries.
In the first quarter of financial year 2025 (Q1FY25), LIC reported a
9.61 per cent year-on-year (Y-o-Y) rise in its net profit to Rs 10,461 crore on the back of healthy growth in group business premiums
The insurance behemoth reported a premium income of Rs 1.13 trillion in Q1FY25, up 15.66 per cent Y-o-Y compared to the corresponding period
a year ago, with individual premiums growing by 7.04 per cent Y-o-Y to Rs 67,192 crore, and group premiums growing by 30.87 per cent Y-o-Y
