Post In:  News Flakes

LIC’s Market Share Slips Below 70% In FY15

By       -   August 1st, 2015

  • LIC’s market share in terms of new premium income slipped to 69.21 per cent in FY 2015 from 75 per cent a year ago


  • LIC mopped up Rs 78,308 crore, down from Rs 90,645 crore in FY 2014, the council data showed, while all the 23 private sector players closed 2014-15 with Rs 34,382 crore of premium, up from Rs 29,517 crore in 2013-14.


  • LIC saw a whopping 14 per cent decline in its new premium collection and a higher 41.55 percent plunge in the number of policies to 2,01,71,063 in FY 2015 from 3,45,11,781 a year ago.


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