The national life insurer Life Insurance Corporation of India (LIC) has so far seen a healthy 81.6 per cent growth in first premium income for the current financial year against the same period last year, driven by robust sales of the single-premium immediate annuity plan Jeevan Akshay. The insurance behemoth is also set to breach the full-year target. Till January 15, the Corporation notched up a first premium income of Rs 27,350.67 crore for FY17.
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The national life insurer Life Insurance Corporation of India (LIC) has so far seen a healthy 81.6 per cent growth in first premium income for the current financial year against the same period last year, driven by robust sales of the single-premium immediate annuity plan Jeevan Akshay. The insurance behemoth is also set to breach the full-year target. Till January 15, the Corporation notched up a first premium income of Rs 27,350.67 crore for FY17.
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