LIC invites payments startups to bid for mega insurance contract
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India’s largest insurer, the Life Insurance Corporation of India (LIC) is inviting bids from companies to enable digital payments of insurance premiums for over 250 Mn customers, which would automatically catapult any startup to among the top payments processors in the country. Bengaluru-based Razorpay has been invited to bid for LIC. The company will be submitting its proposal this month