News From Press No plan to bring clawback clause, says LIC MD & CEO Siddhartha Mohanty

No plan to bring clawback clause, says LIC MD & CEO Siddhartha Mohanty

Source: BS 21 hours ago

State-owned Life Insurance Corporation of India (LIC) has realigned its commission structures for its distributors in accordance with new surrender value norms but has no plans to introduce any “clawback”, said LIC in a post-earnings analyst call on Friday.

“It depends upon our experience because the new products have been filed from October 1,” said Siddharth Mohanty, managing director (MD) and chief executive officer (CEO).

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