Tuesday, 28 February 2017

LIC posts 12.43% growth in total premium income in April-December

State-run Life Insurance Corporation of India on Monday said its total premium income grew by 12.43 percent to Rs 1,45,031 crore during the April-December period of the current fiscal as compared to Rs 1,29,001 crore in the same period last year. Total assets during the period under review stood at Rs 24,41,946 crore, up by 12.81 percent from Rs 21,64,652 crore in the last financial year. 

The Corporation's gross total income grew 15.76 percent to Rs 3,37,465 crore as against Rs 2,91,511 crore last year. The new business performance for nine months ended December 2016 saw an increase of 40.11 percent in first year premium.

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