LIC chooses NCR Corporation for data warehouse project

Chennai: The Life Insurance Corporation of India (LIC) has selected NCR Corporation to provide data warehousing facility. Teradata a division of NCR Corporation would execute the project, called the Corporate Active Data Warehouse (CADW), a 60-terabyte solution, which is the largest data warehouse project of its kind in India. The CADW will cater to business volumes larger than 160-million insurance policies of 130-million policyholders with large volumes of cash transactions per day.

With more that 24.5-million policies sold every year, LIC is one of the largest life insurance companies in the world. The Teradata warehouse will enable LIC to understand various usage profiles of the customers and policies in order to customise offerings and bundles and effectively manage them.

"Being the largest life insurance company in India, LIC is constantly evolving its offerings to best suit the changing needs of its customers. We envisage Teradata's data warehousing solutions will empower LIC with tremendous analytical capabilities and help in designing customer-oriented insurance products," said T. S. Vijayan, managing director of LIC.