LIC targets 3 cr new policy sales this year, Q1 premia up 31%

Last Updated: Sunday, July 5, 2015, 15:17

Life Insurance Corporation, which has seen its market share steeply falling below the 70 per cent mark last fiscal for the first time, has set an ambitious target of selling as many as 3 crore new policies worth around Rs 31,000 crore this fiscal year.

LIC improves its performance, still loses market share in Apr

Last Updated: Sunday, June 14, 2015, 13:34

Overall, FY15 was not a productive year for the entire industry as total premium income plummeted by 6 percent to Rs 1,13,140 crore in FY15 from Rs 1,20,162 crore in FY14.

LIC's market share slips below 70% in FY15

Last Updated: Monday, May 11, 2015, 21:57

Country's largest life insurer LIC Monday said its market share in terms of new premium income slipped to 69.21 percent in FY 2015 from 75 percent a year ago, as the corporation had to stop selling Ulip products and discontinue a host of other products in new regulatory regime.