LIC collects highest-ever Rs 1.84 lakh-crore new premium in corona period

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April 22, 2021 2:00 AM

In 2020-21, LIC has achieved its highest-ever first year premium income of Rs 56,406 crore under individual assurance business with a 10.11% growth over last year.

LIC also procured 2.10 crore policies, out of which 46.72 lakh were procured in March alone.LIC also procured 2.10 crore policies, out of which 46.72 lakh were procured in March alone.

LIC continued its impressive new business performance despite a highly challenging business environment due to the corona pandemic for the entire previous year.

In 2020-21, LIC has achieved its highest-ever first year premium income of Rs 56,406 crore under individual assurance business with a 10.11% growth over last year. LIC also procured 2.10 crore policies, out of which 46.72 lakh were procured in March alone. LIC’s pension and group schemes vertical also created a record by clocking its highest-ever new business premium income of Rs 1,27,768 crore over a base of Rs 1,26,749 crore in the previous year.

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