Staying contrarian has worked for LIC; IPO process is in the fast lane

Insurance behemoth Life Insurance Corporation touches more lives in India when it comes to financial security than any other as its investment returns and settlements determine the fate of millions of policyholders. As the state-owned insurer prepares to go public, its chairman M R Kumar, in an interview with Ashwin Manikandan and MC Govardhana Rangan, lays out the strategy and gives a glimpse of what the future would look like. Edited