Source: Economic Times
Country's largest insurer LIC today said it expects 12.5 per cent growth in new business income during 2011-12.
Last fiscal, the Corporation collected first premium income of Rs 48,000 crore while the target is Rs 54,000 crore in FY'12, LIC Senior Divisional Manager R K Jha said here.
While the market share of LIC in terms of first premium income was 72.4 per cent, for the number of policies sold, it was 78.4 per cent at the end of July this year, he said.
The asset under management ( AUM) of the insurer stood at 13.17 lakh crore at the end of March 2011.
Last fiscal, the Corporation collected first premium income of Rs 48,000 crore while the target is Rs 54,000 crore in FY'12, LIC Senior Divisional Manager R K Jha said here.
While the market share of LIC in terms of first premium income was 72.4 per cent, for the number of policies sold, it was 78.4 per cent at the end of July this year, he said.
The asset under management ( AUM) of the insurer stood at 13.17 lakh crore at the end of March 2011.
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