The Hindu Business Line : LIC south central zone tops targets

South central zone is the only one among the seven zones to surpass targets in terms of three key parameters, namely number of lives, premium income and lives covered under social security in terms of regulatory obligation

Hyderabad, Oct. 4

The south central zone of Life Insurance Corporation of India (LIC) has surpassed the targets set for the current fiscal by September, six months ahead of fiscal-end, the Zonal Manager, Mr T. Chattopadhyay, said. Addressing presspersons here on Wednesday as part of the celebrations for the social security month, he said the south central zone is the only one among the seven zones across the country to surpass targets set for the year in terms of three key parameters. These include number of lives, premium income and lives covered under social security in terms of regulatory obligation. As against the target of 7.5 lakh lives, the zone has already covered 9.42 lakh lives and also surpassed targets on premium by reporting Rs 795 crore income as against the target of Rs 500 crore. Further, as against the target set by the Insurance Regulatory and Development Authority (IRDA) of covering 5 lakh lives under social security, the zone could cover 6.84 lakh lives, Mr Chattopadhyay said.

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