India Insurance News : Despite Losing Share LIC Dominates Insurance Market

Life Insurance Corp of India (LIC) sold 2.17 crore insurance policies in monetary 2021-22, up from 2.10 crore the previous year, a growth of 3.54%. Its total premium increased 12.66% to Rs 1.43 lakh crore in March 2022 from Rs 1.27 lakh crore this past year. The full total first year premium (FYP) of the life span insurer rose by 7.92% to Rs 1.98 lakh crore in March 2022 from Rs 1.84 lakh crore in the last fiscal.

The number of policies sold increased by 3.54% to 2.17 crore in the financial year 2021-22 from 2.09 crore in the previous financial year.


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