The Life Insurance Corporation of India (LIC) has significantly ramped up its digital onboarding framework, particularly focusing on market-linked offerings like Index Plus and Nivesh Plus. By leveraging automated video-based identification (V-CIP) and instant Aadhaar-based e-KYC, the corporation has reduced policy issuance turnaround times from days to mere hours. Industry analysts note that this digital shift is aimed at capturing tech-savvy younger demographics who prefer paperless, transparent financial transactions over traditional agent-led paperwork. Furthermore, enhanced digital dashboards now allow policyholders to track fund-switching and NAV performances in real time.
