Life Insurance Of Corporation Of India Target 3 Crores Policy’s In India, LIC is one of government public limited. Recent Days LIC have many up and downs. Shocking news is that LIC market share is down to 70% that never ever seen before.
Life Insurance Of Corporation Of India Target 3 Crores Policy’s In India
LIC is one of government public limited. Recent Days LIC have many up and downs. Shocking news is that LIC market share is down to 70% that never ever seen before. So Life Insurance Of Corporation Of India want to develop their company India as well. So now they want to sale 3crores LIC Policy’s in india. This is the main target for them now a days as per officials says. These Premium Policy’s value is more then RS 31,000 Crores, In the first Quarter they increased sales to 31% its equally to RS 5,700 Crores Which Sounds good. This Statement was officially announced by Life Insurance Of Corporation Of India Chairmen S.K.Rai . Also He Said that we have to face our competitors so we need to implement new products . And develop more and more never seen before.
All the 23 private sector players closed 2014-15 with Rs 34,382 crore of premium, up from Rs 29,517 crore in 2013-14, the data showed. LIC collected a premium of Rs 78,308 crore in 2014-15, a decline of 14 per cent against Rs 90,645 crore in 2013-14. Its number of Policy’s too fell much more drastically to 2.07 crore during the year from 3.45 crore in 2013-14.