LIC Garners Highest Premium In A Month

MUMBAI: Life Insurance Corporation of India has raised Rs 12,361 crore of new business premium in March ''07 the highest recorded by the corporation in any single month. This has enabled the corporation register new business premium of Rs 55,934 crore in ''06-07 a 118% growth over the previous year. LIC''s premium collection in March 07 is higher than the premium collected in the whole of whole of ''03-04. LIC''s has been the growth driver for the entire life insurance sector, which increased 110.7% to Rs 75,406 crore from Rs 35,897 crore during the current financial year.