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Home News LIC's new premium growth jumps 26% to Rs 1.2 trillion in FY17

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LIC's new premium growth jumps 26% to Rs 1.2 trillion in FY17

LIC's new premium growth jumps 26% to Rs 1.2 trillion in FY17

Thursday, April 13, 2017, 1:00 PM

Driven by sudden surge in single premium policy sales and falling interest rates, total new business premium of LIC rose 25.8% to Rs 1.22 trillion in FY17 from around Rs 97,000 crore in the previous year. However, the state-run insurance behemoth witnessed degrowth in terms of policies during the year under review. The company appointed 1.75 lakh new agents during the year.
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