Hey! Hello Guys. We have entered 2022 with a lot of headlines from the possibility of the third wave (Omicron) transmission to the Ukraine-Russia war but amidst this, our government has announced big welcoming news which is the entry of LIC (Life Insurance Corporation) into the equity market.
Insurance business can't be explained in a simple manner than this article. As profitability is a concern, historical numbers would help readers connect it.
As you rightly pointed out the incentive behind money-back plan, breakup of revenue would help to connect it.
It is a well known fact that LIC works for its agents rather than for its policyholders or even the shareholders (till now GoI) which is not going to change quickly.
Insurance business can't be explained in a simple manner than this article. As profitability is a concern, historical numbers would help readers connect it.
As you rightly pointed out the incentive behind money-back plan, breakup of revenue would help to connect it.
It is a well known fact that LIC works for its agents rather than for its policyholders or even the shareholders (till now GoI) which is not going to change quickly.
Deep explaination based on facts
Thanks for your detailed artical