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Andhra Bank tops in LIC business of bancassurance

Description: Andhra Bank out-performed all other banks in the bancassurance business of Life Insurance Corporation of India (LIC).

Apnainsurance.com Research Bureau

14 Feb 2008

Andhra Bank out-performed all other banks in the bancassurance business of Life Insurance Corporation of India (LIC). It has sold the maximum number of policies as well as topped in collection of first premium income.

Presently, LIC's premium income is at Rs.475 crore through bancassurance. Banks leading in LIC's bancassurance business for the period that ended on January 31, 2008 are Andhra Bank, UCO Bank, Corporation Bank, Central Bank of India and Dena Bank.

There bancassurance business showed a 60 per cent growth in the period from June 2007 to December 2008 as against the figures for the corresponding period of the previous fiscal.



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