LIC's key business goal is to seize development prospects in the Indian life insurance sector, where total premiums are expected to expand at a CAGR of 14-15 percent over the next five years.
On the back of better compliance, enforcement action against tax evaders, and a pick-up in economic activity, this represents a 20% rise from April 2021.
PM Modi's trip to Europe will take him to three European capitals: Berlin, Copenhagen, and Paris.