News From Press LIC Just Started Catering To Third Gender Clients, Other Insurance Companies May Follow

LIC Just Started Catering To Third Gender Clients, Other Insurance Companies May Follow

Source: India Times Feb 26, 2016

The Life Insurance Corporation of India (LIC), which controls close to 70% of the life insurance market, has introduced the third gender as an option in its proposal forms in line with Supreme Court 2014 verdict recognising it. Till now, policy buyers could choose between 'male' and 'female' as gender options. Now transgender applicants can opt for the 'third gender' category.

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