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LIC posts 27% growth in first year premium in FY17

LIC posts 27% growth in first year premium in FY17

Wednesday, April 19, 2017, 9:19 PM

Driven by a surge in sale of its single-premium policy and falling interest rates, LIC has registered a 27.22% growth in FYP in FY17. Total FYP rose to Rs.1,24,396.27 crore in FY17 from Rs.97,777.47 crore in the previous year. It resulted in the insurance giant increasing its market share to 71.07% from the last year's 70.61%, the state-run corporation said in a statement.
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