This financial year, Life Insurance Corporation of India (LIC) is set to record growth of more than 12 per cent in new business premium, Chairman S K Roy has said. He added so far, the insurer company had seen 30 per cent growth in first-year premia.“We had budgeted for 12 per cent first-premium growth this financial year. However, I am certain we will surpass this figure,” Roy said on the sidelines of an Insurance Regulatory and Development Authority (Irda) seminar.

Source : http://www.business-standard.com/article/finance/lic-s-first-premium-growth-to-surpass-12-per-cent-113112700666_1.html

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