Lead Story

Is India's largest insurer as rock-solid as it is made out to be?

LIC's opaque fund management, dismal capital allocation and low profitability are cause for concern 

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Haridas Mundhra did not hail from a wealthy family nor was he educated, but his unbridled ambition and manipulative zeal did ensure that he would emerge as the protagonist of what was to be independent India’s first financial scandal.

Editor's Note

Why LIC, the country’s largest insurer may never live up to its potential

Its legacy way of doing things could just see it lose market share to aggressive private insurers

Published a year ago on Sep 11, 2020 less than a minute Read
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