LIC set to venture in Health Policy zone.

The largest financial institution in the country, LIC has decided to introduce health policies later this year. LIC has created a separate health insurance department in their corporate set up as reported by Mr. T.S.Vijayan, the chairman of LIC.

This new health insurance department is all set to bring out some innovative efforts. In the latter part of the year, LIC will be coming out with their new initiatives. The company is gearing up to build a strong technology plateform and a strong marketing network for selling their new health insurance product.

LIC is also having tie-ups with third party administrators.