• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai April 13 LIC has registered a whopping growth of 118.6 per cent in its first premium income in 2006-07 at Rs 39,541 crore against Rs 18,085 crore in the previous year. In the previous year-2005-06- the corporation had seen a growth of 48.6 per cent.

The corporation sold 3.82 crore new policies in the recently concluded fiscal against 3.15 crore policies in the previous year.

Pension and group schemes mopped up Rs 11,282 crore in premium, a growth of 188 per cent against the previous year's Rs 3,911 crore, said a press release. The major group schemes bagged by L.I.C. this fiscal were Mumbai Port Trust, SAIL and Vizag Steel Plant.

The corporation sold 5.8 lakh policies and raked in new business premium of Rs 664 crore through banks and other alternative channels.

LIC's micro insurance product, Jeevan Madhur, which was launched in September last year, covered 80,637 economically under-privileged people, said the release.

More Stories on : Life Insurance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Mumbai as international finance hub — Reality check on bankers' dream

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line