: LIC shows great performance amid COVID-19 lockdown #FinanceIndia #StockMarketNEWS Panaji: In these difficult times of business distress caused by COVID-19, Life Insurance Corporation of India continues

@StockMarketNEWS Wed 29 Apr, 2020

Posted in: #FinanceIndia #StockMarketNEWS

LIC shows great performance amid COVID-19 lockdown #FinanceIndia #StockMarketNEWS
Panaji: In these difficult times of business distress caused by COVID-19, Life Insurance Corporation of India continues to better its performance. In the just concluded financial year 2019-20, LIC has achieved its highest number of policies for the last six years. Individual new business performance of the Corporation as at March 2020 has shown impressive figures of 2.19 crore in number of policies and Rs 51,227 crore in first year premium income.



While ensuring growth in Number and premium both, inspite of the truncation of the most productive fortnight of the year, the Corporation has achieved a healthy business mix. It  collected Single premium of  Rs 21,967 crore and  Non Single premium of  Rs 29260 crore , the ratio being  42.88 for single premium and 57.12 for non single premium. LIC Pension and Group Schemes Vertical created a new record by clocking more than One Trillion Rupees Premium Income during the Financial Year 2019 – 20. LIC collected Rs 126,749 crore as Group Schemes New Business Premium Income as against Rs 91,179 crore in the previous year with a growth rate of 39.01% and a market share of 80.54% as compared to 77.94% last year.
The post LIC shows great performance amid COVID-19 lockdown appeared first on The Navhind Times.

Stock Market News & Best Intraday tips & Stocks near support

Report

Login to post a comment!