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.

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