Mumbai, May 21 -- India's largest insurer, Life Insurance Corporation of India (LIC), expects growth to slow due to the West Asia war, but hopes to maintain its "double-digit growth" target for new business premium, managing director and chief executive R. Doraiswamy said on Thursday.

"It is expected that every sector will be impacted by the crisis. Naturally, when people experience some difficulties, savings and that too savings through life insurance, can certainly have an impact, but we will try our best to see that we continue to move towards our targeted growth rate," he said in the company's earnings call for the fourth quarter and 2025-26.

Renewal premium growth is more likely to be impacted, he added.

LIC posted a consolidated ...