The LIC eastern zone region is confident of achieving the premium collection target during the current financial year, an official said. “In the second quarter ending September, the zonal premium collection had already crossed 39 per cent of the 40 per cent target. We are confident of meeting the target of the full fiscal”, zonal manager K S Nagnyal said.
He said that in the last fiscal, the zone had collected a total premium income of Rs 33,100 crore, including Rs 5868 crore as first premium income. This was 55 per over the previous fiscal, he told reporters here today.
The target for the current fiscal is Rs 5875 crore as new business income, he said. In July, LIC’s market share in the east was 72.68 per cent, Nagnyal said. The first quarter premium income had registered a growth of 30 per cent over similar previous period, the official said.