Insurance Corporation of India’s total gross income of nine months
ending December 2016 grew by 15.76% to 337465 cr. against Rs.291511 cr.
last year. The new business performance of the corporation saw an
impressive increase of 40.11% in first premium while the corporation
posted robust growth of 12.43% in the total premium income at Rs145031cr
compared to Rs1, 29,001 cr. during the previous year.
Addressing the gathering, Mr. V.K. Sharma, Chairman, LIC of India stated
that, on the occasion of Dimond Jubilee, LIC launched a special plan,
‘Bima Diamond’ Corporation. Corporation sold over 5,86, 000 policies
under the plan collecting over 322cr. premium. He further said that,
corporation has recorded healthy results based on its strong
fundamentals and core values. Trusted customers across the country have
supported and enabled LICto report a robust financial performance.