Move comes after Hong Kong introduced its streamlined re-domiciliation regime in June, giving overseas insurers a smoother route to shift their legal base onshore.
The life insurer will work with Singapore’s Institute of Banking and Finance and local universities to build practical skills in AI governance and reskill employees.
The agreement expands LIC’s reach by adding YES Bank’s 1,295 branches and 235 business correspondent outlets to its network of more than 3,600 locations.
