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LIC new biz premium less than 50 per cent

LIC's earnings from the new premium business have dropped for the first time in September 2007 compared to the last years numbers.

Apnainsurance.com Research Bureau

03 Nov 2007

Life Insurance Corporation of India (LIC) earnings from the new premium business dropped down to 49 per cent for the first time in September 2007 compared to the last years number 79.6 per cent.

In September the reason for the fall was due to the 47.4 per cent year-on-year (YOY) in the new premium business income of Rs. 2,555 crore.