Life Insurance Corporation of India (LIC) is actively considering the establishment of a fintech arm to enhance its digital capabilities, according to CEO R Doraiswamy. He emphasized the importance of engaging with fintech and insurtech players to foster innovation and modernization within the organization. While LIC has developed a robust IT department capable of creating business applications, it also relies on external IT service providers for infrastructure and platform needs. Doraiswamy noted that the corporation is evaluating various options for strategic investments to improve returns on policyholders' funds. Regarding potential stake dilution by the Indian government, he stated that LIC has been prepared since its initial public offering (IPO) and is ready to collaborate with the government on future initiatives. The government is focused on achieving a public float of 10-15% for listed companies, although current market conditions are affecting the timing of further offerings. Recently, LIC reported a 23% increase in net profit to ₹23,420 crore for the March quarter and announced a 1:1 bonus along with a final dividend of ₹10 per equity share.