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LIC collects highest premium ever of Rs 1.84 lakh-crore in Corona period

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LIC continued its impressive new business performance despite a very difficult business environment due to the corona pandemic for the entire previous year.

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In 2020-2021, LIC achieved its highest first year premium income in its history with 56,406 crore rupees from the individual insurance business with 10.11% growth over the year last. LIC also purchased 2.10 crore policies, of which 46.72 lakh were purchased in March alone. LIC’s pension and group plans also set a record by recording its highest ever business bonus income of Rs 1,27,768 crore on a basis of Rs 1,26,749 crore the previous year.

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