LIC beats its private peers in premium collection during H1 FY14

Posted By: Religare
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LIC beats its private peers in premium collection
The state-run Life Insurance Corporation of India (LIC) has outperformed its private sector peers in terms of premium collection during the first half of current fiscal year, said a PTI report.

The report said LIC recorded 7.26 per cent growth in collection of premium during H1 FY'14 while other large private sector insurance companies, including ICICI Prudential, HDFC Standard Life and SBI Life, witnessed a decline in premium collection.

LIC's premium collection grew 7.26 per cent to Rs 37,906 crore during the the six-month period ended September 2013 compared with the year ago period. On the other hand, the 23 private sector insurance companies recorded 4.55 per cent growth in premium income to Rs 12,150 crore during the period.

Dion Global Solutions Ltd.

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