Tuesday, 12 May 2015

LIC's first-year premium income falls to 69% in FY15

The decline in new premium income of LIC was due to discontinuation in selling of ULIPs and a number of other products in the new regulatory regime 

LIC2
LIC's market share in the first-year premium income declined to 69.21% in FY15 from 75% a year ago, according to a media report.

The decline in new premium income of LIC was due to discontinuation in selling of ULIPs and a number of other products in the new regulatory regime, the report added.

LIC's market share in terms of number of policies increased to 77.85% in FY15.  

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