LIC seeks alignment with global standards, EoM glide path in feedback to Irdai’s distribution proposals
Summary
LIC has asked Irdai for global-style caps on distribution costs and more time to meet them, while saying it backs the push for lower costs. Its quarterly profit rose 20.1%, and it doesn’t expect the IDBI Bank stake sale to hurt its bank sales much.
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LIC seeks alignment with global standards, EoM glide path in feedback to Irdai’s distribution proposals
LIC has asked Irdai for global-style caps on distribution costs and more time to meet them, while saying it backs the push for lower costs. Its quarterly profit rose 20.1%, and it doesn’t expect the IDBI Bank stake sale to hurt its bank sales much.
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