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Reduced annuity returns after rate cuts: LIC chief

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LIC's new MD & CEO, R Doraiswamy, outlines strategies to maintain market leadership amid evolving financial landscapes. The insurer is balancing par and non-par products, adapting to regulatory changes, and strategically evaluating opportunities in the health sector. While government stake dilutions are anticipated, LIC aims for sustainable growth and profitability, focusing on long-term value creation.

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