The Life Insurance Corporation of India (LIC) is actively engaging with financial regulators, including the Reserve Bank of India and the Securities and Exchange Board of India (SEBI), to develop long-term investment instruments that align with the increasing demand for annuity products. CEO R Doraiswamy highlighted the importance of matching long-term liabilities with appropriate investment options, as the annuity market is gaining traction among policyholders. He noted that the Insurance Regulatory and Development Authority of India (IRDAI) is taking proactive steps to ensure that the evolving market needs are met. LIC aims to maintain a Value of New Business (VNB) margin of over 20% by enhancing product value and operational efficiency. Additionally, the company is considering the establishment of a fintech arm to cater to its digital transformation needs. Doraiswamy also mentioned that LIC is prepared for potential further stake dilution by the government, following its significant initial public offering in 2022, which raised approximately ₹21,000 crore by selling a 3.5% stake.