LIC earns from the rented propertiesLife Insurance Corporation of India (LIC) received Rs.22 crore in the fiscal year 2007-08.
Apnainsurance.com Research Bureau
24 May 2008
Life Insurance Corporation of India (LIC) received Rs.22 crore in the fiscal year 2007-08 from its rented properties. The estimated revenue for the next fiscal year (2008-09) from this source is Rs.30 crore.
LIC holds roughly 187 properties in the eastern zone.
LIC charges much lower rent compared to the market rates. It gives the property on rent at Rs.30-35 per sq. ft per month for residential purpose and Rs. 40-60 per sq. ft. per month for commercial purpose.