Life Insurance Corporation of India is a name synonymous with dominance in India’s life insurance sector. Yet, this titan of the industry finds itself struggling to meet investor expectations, weighed down by structural inertia, evolving market dynamics, and an inability to adapt swiftly to changing customer preferences.Despite its commanding 35% market share in annualised premium equivalent and a vast agent network exceeding 1.4 million, LIC’s underperformance casts a long shadow over bullish analyst forecasts.
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