LIC to open Singapore operations soon

Life Insurance Corporation of India (LIC) chairman T S Vijayan said it is soon going to open overseas operation in Singapore. We have obtained about 50% of the regulatory permission for launching the operation in there, said Vijayan. We are currently looking at Singapore, the chairman said while replying to a question whether LIC is planning to venture into any other country and added, We may think of other country only after we launch our operation in Singapore. LIC, which has started a representative office in Singapore, is proposing to commence operation through a wholly-owned subsidiary. Dwelling on the LIC s ...

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