Money & Banking

LIC’s South Central Zone surpasses premium target ahead of fiscal-end

G Naga Sridhar Hyderabad | Updated on January 15, 2018

Life Insurance Corporation of India (LIC), South Central Zone, has surpassed its annual new business premium target of ₹4,200 crore for the current financial year.

The target was crossed on February 28, ahead of the end of the financial year, Zonal Manager TC Suseel Kumar said here.

New policies

It recorded the highest growth rate of 70 per cent in total new business premium income by selling 21.17 lakh new policies up to the end of February.

The zone stood at the third position at the all-India level in total new business premium income.

The zone had collected a total premium income of ₹37,950 crore for the year, compared with ₹33,165 crore for the corresponding period last year.

“The zone plans to sell 15 lakh new policies with a premium income of ₹1,500 crore during March,” Suseel Kumar said in a release.

The zone consists of 17 divisions spread across Andhra Pradesh, Telangana and Karnataka.

Published on March 17, 2017

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