Mumbai, Jan 15?: Life Insurance Corporation of India (LIC) has secured 1.07 crore new policies with first premium income of Rs 1,960.53 crore and sum assured of Rs 61,780.69 crore under the individual assurance policies for nine-months ended December 31.They represent a growth of 26.65 per cent, 43.91 per cent and 43.51 per cent over last year for new policies sold, first premium income and sum assured respectively, LIC said in a release here on Monday.
The growth rates were the highest recorded by the LIC during the nine months of any year in the last decade, it added. In case of single premium policies, under various plans and Bima Nivesh, the corporation issued 64,821 new policies for first premium income of Rs 479.29 crore for a sum assured of Rs 520.67 crore.
This represents a growth of 69.29 per cent on policies, 125.62 per cent on first premium income and 125.60 per cent on sum assured, the release added.
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