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Money & Banking - Life Insurance
LIC North Zone meets target

Our Bureau

New Delhi , Nov. 20

Life Insurance Corporation of India's North Zone completed its annual total first premium income (FPI) target on November 15 by bringing in a total FPI of Rs 4,478.28 crore, posting a growth rate of 193 per cent. According to a statement issued here LIC said, North Zone has emerged as the Number 1 zone in the country to achieve its total FPI target for 2006-07 in seven and half months.

Amongst the seven zones of LIC, North Zone is smaller than some of the other zones in terms of geographical area, available resources and even allotted budget, the statement said. The zone has occupied the first position on the basis of absolute volume of FPI during last year and the current year, it added.

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