HYDERABAD: Life Insurance Corporation (LIC), South Central Zone, is targeting collection of Rs 6,850 crore in new business premium income from over 68 lakh policies in 2011-12.
"Mr. A K Sahoo LIC-South Central Zone (Zonal Manager) said During 2010-11, the zone has completed 58.80 lakh of policies with a premium income of Rs 5,596 crore. The new business premium income target for current fiscal is Rs 6,850 crore through 68 lakh policies.
The LIC South Central Zone, comprising Andhra Pradesh and Karnataka, has completed sale of nearly 12.73 lakh policies with a premium income of Rs 985 crore till July 31.
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