New Delhi, March 20 -- Siddhartha Mohanty, CEO and MD of Life Insurance Corporation of India (LIC), said on Thursday that the nation's largest insurer has consistently focused on reaching rural areas and economically and socially disadvantaged sections.

A day after a delegation of LIC agents met the Leader of Opposition in the Lok Sabha, Rahul Gandhi, and raised issues regarding recent changes in rules which make insurance less affordable for the poorest, the LIC CEO denied such concerns, saying, "We aim to extend financial protection to every insurable individual at an affordable cost."

"We want to clarify that LIC has introduced products that align with the New Product Regulations set by IRDA, effective from October 1, 2024, keeping p...