LIC Buoyed By Strong Performance

LIC, which is gearing up for a primary offer towards the end of the next fiscal year, has delivered strong performances in recent times.

- Radhika Merwin

For the first 10 months of FY20 (April-January), LIC’s first-year premium has grown 43 per cent YoY, while private players put together have seen first-year premium grow by about 20 per cent during this period.

In January, the insurer had posted a strong 44.8 per cent growth in individual first-year premium, while private players have grown by a lower 11.5 per cent. The insurer now commands 70 per cent market share, up from 66 per cent last year.