The total premium collected at the end of December showed a growth of 12.43% amounting to Rs 1.45 trillion from Rs1.29 trillion in the same period a year earlier.
Total assets also grew by 12.81% to Rs 24.42 trillion from Rs 21.65 trillion in the year-ago period.
“Our performance is in line with our expectation. The corporation has recorded healthy results based on its strong fundamentals and core values,” LIC chairman V.K. Sharma told.
Talking about LIC’S expectation from new business for the current fiscal, he said, “We hope to achieve Rs 35,000 crore from new business on the individual basis from Rs 31,000 crore which has been achieved by us so far, whereas overall premium target remains unchanged by the fiscal-end.”