Date:24/02/2005 URL: http://www.thehindubusinessline.com/2005/02/24/stories/2005022402640600.htm

Back LIC first premium growth at 35 pc

Our Bureau

Mumbai , Feb. 23

THE Life Insurance Corporation of India has sold more than 15.46 million individual policies during April 2004 to February 15, 2005.

It has collected more than Rs 6,825.43 crore in first premium, posting a growth of more than 35 per cent.

On the pension and group schemes, LIC has insured 2.39 million lives as on January 31, 2005.

With respect to Unit-Linked Insurance Plans (ULIPS), LIC has posted a growth of 459 per cent in first premium income.

Bima Plus, LIC's capital market linked plan, has been its best selling policy.

LIC has so far settled 389 claims (345 individual claims and 44 group insurance claims) amounting to Rs 3.25 crore towards tsunami disaster.