In the country’s largest insurance company LIC, where the government is preparing to sell its stake by bringing an IPO on one side.
On the other hand, the company is making new records of selling the policy. The company has sold around 300% more policy in March than last year. Know the complete details
In the country’s largest insurance company LIC, where the government is preparing to sell its stake by bringing an IPO on one side. On the other hand, the company is making new records of selling the policy. The company has sold around 300% more policies in March than last year. Know the complete details2.1 crore policies sold in the entire year
LIC sold a total of 2.1 crore insurance policies in the financial year 2020-21. Out of this, 47 lakh policies are sold only and only in the month of March. The company’s business was severely affected in March 2020 due to the lockdown last year.
Earning the most from the new premium
is not only to raise new premium collection of LIC of policies sold in March this year. In the financial year 2020-21, the company has been able to get a new premium of Rs 56,406 crore from individual insurance policies. This is the highest collection of new policies of the company till date, which is 10.1% more than the previous year.
81% of insurance policies sold by LIC March
if we sold 75% insurance LIC to look at the total number of insurance policies sold in the Indian market sold 81% in March Insurance Policy LIC, while full year.
Not only did LIC’s pension business also create flags, LIC’s pension and group insurance business has set new records. The premium collection of this company’s business from new insurance reached Rs 1.28 lakh crore.
2.2 crore policy of Settle
LIC has set the maturity, money back claim etc. of 2.2 crore policy in the whole year. Not only this, he has also set 9.6 lakh death claims worth Rs 18,137 crore.
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