LIC posts 27% growth in first year premium in FY17

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Driven by a surge in sale of its single-premium policy and falling interest rates, Life Insurance Corporation (LIC) has registered a 27.22 per cent growth in first year premium (FYP) in FY17.

Total FYP rose to Rs 1,24,396.27 crore in FY17 from Rs 97,777.47 crore in the previous year. It resulted in the insurance giant increasing its market share to 71.07 per cent from the last year's 70.61 per cent, the state-run corporation said in a statement.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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