Life Insurance Corporation of India (LIC) is the largest life insurer in India, dominating the market with a comprehensive range of individual and group insurance products. It offers a diverse product portfolio, including participating, non-participating, and various group schemes.

LIC introduced multiple new products and riders, namely LIC's Nav Jeevan Shree and LIC's Female Critical Illness Benefit Rider, enhancing its comprehensive offerings and targeting various customer needs.

The company has achieved significant growth in its digital capabilities, evidenced by advancements like the operational 'Ananda App' which processed 878,470 policies in the first half of FY26, demonstrating a 21.46% year-on-year increase.

LIC's focus on enhancing operational efficiency is reflected in its expense ratio drop from 12.74% to 11.28% in H1 FY26 and its emphasis on profitability through strategic digital innovations.

The company's push for growth in Bancassurance and Alternate Channels registered a 67.62% increase in new business premium income, highlighting its diversified growth strategy and aggressive marketing approach.