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LIC South zone registers 103.63% growth
Life Insurance Corporation (LIC) South Central Zone consisting of Telangana, Andhra Pradesh and Karnataka states has crossed Rs 3,000 crores new business premium income as of November 30.The announcement was made public on Tuesday in a statement issued by the company.
Life Insurance Corporation (LIC) South Central Zone consisting of Telangana, Andhra Pradesh and Karnataka states has crossed Rs 3,000 crores new business premium income as of November 30.
The announcement was made public on Tuesday in a statement issued by the company.
“The Zone has mobilised 14.38 lakh policies,” said Zonal Manger TC Suseel Kumar.
In addition, the Zone has achieved 73.31 per cent of the annual premium target and registered a growth of 103.63 per cent in New Business Premium Income.
The statement informed that the ‘Guaranteed’ return ‘Immediate Pension Plan’, Jeevan Akshay VI has contributed Rs 1,600 crores out of the total premium procured.
“The South Central Zone raced from 2,000 crores premium to 3000 crores premium in only 33 days,” informed Kumar.
