As Sat Pal Bhanoo takes additional charge as the managing director (MD) and chief executive officer (CEO) of Life Insurance Corporation of India (LIC), analysts said the state-owned insurer faces several key challenges. These include
1) a declining market share,
2) higher exposure to the group business segment, and
3) over-reliance on the agency distribution channels.
1) a declining market share,
2) higher exposure to the group business segment, and
3) over-reliance on the agency distribution channels.
Courtesy : M Arunachalam
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