LIC appoints Infosys to build its NextGen Digital Platform

Life Insurance Corporation of India (LIC) has undertaken a digital transformation program named DIVE (Digital Innovation and Value Enhancement).

Under DIVE, LIC aims to significantly boost its digital platform to provide a superior experience to its customers, field force, partners, and employees.

LIC has appointed Infosys to build its new state-of-art NextGen Digital Platform which will be an integrated end-to-end digital insurance solution to provide excellent Services to its customers, Business lifecycle management and operational activities for sales intermediaries and digital front-end platform for branch employees.

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The NextGen Digital Platform will be modular, flexible, cloud-native, and have platform-driven architecture that will be capable of quickly adopting innovative technologies, new products, and features. This platform will form the foundation for building high-value business applications such as the Customer & Sales Super Apps, Portals, and Digital Branches for LIC.

 Shri Siddhartha Mohanty, CEO & MD, LIC, said, “Our vision is to transform LIC into a technology-enabled organization providing life insurance solutions. We look forward to our partnership with Infosys in creating world-class digital solutions and providing best-in-class experience for all our stakeholders including customers and sales intermediaries.”

Highlighting on the need for digital transformation, CEO & MD of LIC, Mr.Mohanty said, “Today we are living in a digitally connected era where customers expect their needs to be met instantly whether during onboarding or post sales service. Technology can help us generate greater insights about our customers and by leveraging India’s advanced digital eco-system to help us serve better.”

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