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.