Confident of returning to double-digit growth by FY21-end: LIC chairman

The pandemic has shed light on the importance of life insurance. It may become an essential part, says Kumar

The Covid-19 pandemic has led to a change in customer behaviour, leading to a surge in demand for pure-protection products as well as annuity products. M R KUMAR, chairman, Life Insurance Corporation (LIC) of India, says the demand for annuity products will increase further in the coming years due to fall in bank interest rates. In conversation with Subrata Panda, Kumar talks about how annuity products have done well, LIC's focus on millennial customers, and its robust profits from equity investments. Edited excerpts:

The second quarter (Q2) was much better for life insurers than the preceding one. Where do you see