LIC exploring possibility of setting up fintech arm: chairman Siddhartha Mohanty

As part of its digital transformation exercise, insurance behemoth Life Insurance Corporation (LIC) is exploring the possibility of setting up a fintech unit.

LIC has initiated a total digital transformation project DIVE (Digital Innovation and Value Enhancement) and appointed a consultant to steer the project, LIC chairman Siddhartha Mohanty told PTI in an interview.