LIC unveils digital zone in Mumbai
The Hindu
The Life Insurance Corporation (LIC) of India has set up ‘LIC Digi Zone’ at BKC in Mumbai to enhance its digital operations such as sales and services for its customers. Aiming to become a tech-driven
The Life Insurance Corporation (LIC) of India has set up ‘LIC Digi Zone’ at BKC in Mumbai to enhance its digital operations such as sales and services for its customers.
Aiming to become a tech-driven life insurer, it said it will offer information regarding its products and services through kiosks installed in the premises.
Customers can use this facility to buy policies online, pay premium and avail other services as well.

Insurance penetration and density are often misunderstood and do not reveal how many families are insured or whether they would be financially secure if the main earning member were to die. The real issue is not reach but adequacy, as households may have life insurance but not enough cover to replace lost income, leaving them financially vulnerable.












