LIC neutral on composite licenses, prioritizing strength in life insurance: R Doraiswamy

LIC remains committed to its core strength in life insurance and pension services, maintaining a neutral stance on composite licenses. The insurer aims to consolidate its market leadership, cautiously evaluating statutory changes before diversification. While non-PAR products are growing, LIC will balance them with traditional PAR offerings to meet diverse customer needs, targeting a gradual improvement in VNB margins.