State-run Life Insurance Corporation of India (LIC), the country's biggest life insurer, has committed INR6bn ($72m) for its digital transformation journey, according to the company's chief risk officer Mr Sunder Krishnan.
The insurance company also aims to go completely "paperless" within two years, reported PSU Connect, a news website that reports about public-sector undertakings.
The life insurer’s digital transformation programme – Digital Innovation and Value Enhancement (DIVE) – is aimed at strengthening the insurance company’s digital platform to provide a superior experience to customers, field forces, partners, and employees.