Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO and MD R Doraiswamy said. Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players and we are getting a lot of new things being developed by such players,” Doraiswamy told PTI in an interview. On the other side, he said, “we are a big financial institution investing in multiple organisations and we also look at strategic investments in any specialised player as a way of improving the returns on the policyholders’ funds.” In the last quarter, he said, LIC announced a 1:1 bonus and then followed up with a good dividend which is 67 per cent more than what was declared in the previous year. The board of LIC while finalising FY26 numbers recommended a final dividend of Rs 10 per equity share of Rs 10 each (equivalent to Rs 20 per equity share pre-bonus issue basis) subject to approval of shareholders. Earlier this month, LIC posted a 23 per cent increase in net profit to Rs 23,420 crore for the March quarter, the highest by any financial services firm in the country.