LIC targets 3 crore new policy sales this year worth around Rs 31,000 cr

LICLife Insurance Corporation (LIC) has set the target of selling as many as 3 crore new policies worth around Rs 31,000 crore this fiscal year.

“LIC has set first premium income target of Rs 31,000 crore this fiscal year. Also, 3 crore policies is the target,” Chairman S K Roy said.

Last fiscal, the Corporation witnessed its market share steeply falling below the 70 per cent mark.

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