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更新日期：2018-12-04
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According to data given by LIC and broadcast by Indian news major, Press Trust of India (PTI) LIC registered a 27.22 percent growth in first year premium (FYP) during financial year 2016-2017.
“Total FYP rose to Rs 1,24,396.27 crore in FY17 from Rs 97,777.47 crore in the previous year. It resulted in the insurance giant increasing its market share to 71.07 % from the last year’s 70.61 %”, the state-run corporation claims in a statement.
LIC’s market share in terms of number of policies stood at 76.09 %, up from 74.72 %last year. Group and Pension Scheme Department received Rs 78,805.56 crore in new business premium, securing 80.96 percent of the market share in the segment, up from 80.73 percent last year, says the statement