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Money & Banking - Life Insurance


Ernakulam division tops in LIC premium collections

Our Bureau

Kochi , Sept. 1

THE Ernakulam division of LIC has emerged first among the 100 divisions in the country in the first premium collections, by registering a 200 per cent growth in the first five months of the current fiscal.

The division had collected Rs 92 crore as first premium as on August 31 and the major contribution comes from the unit-linked plan Bima Plus with a share of Rs 48.18 crore, Mr M.R. Kumar, Senior Divisional Manager, said.

The target set for the current year for the first premium is Rs 198.30 crore and the division is poised to cross Rs 300 crore, he said.

This is for the first time that the Ernakulam division notched up the top position. Last year, it was the Lucknow division that topped the list, Mr Kumar added.

Addressing the media in connection with the insurance week celebrations here, he said the target set for the current year in the sales of unit-linked policies had already been crossed and the Ernakulam division had also attained the top position in the first premium and sum assured in the unit-linked policy sales at national level.

Mr S. Krishna Kumar, Marketing Manager, said the division had settled survival benefits and maturity claims worth Rs 61.59 crore through 33,957 policies till July 31 on claims area. The death claims settlement amounts to Rs 9.62 crore through 1,081 policies.

Mr A.S. Narayanamoorthy, Zonal Advisory Board Member, inaugurated the Insurance Week celebrations at a function held at the office premises on Wednesday.

During the week, LIC intends to organise customer meets, survey campaigns, providing water tanks for schools in remote areas and wheel chairs for poor handicapped children.

More Stories on : Life Insurance | Kerala

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