Mysore division achieves 59.44 per cent growth

Mysore, Aug 31 (UNI) The Mysore division of the LIC has registered a growth of over 59.44 per cent than the previos year and collected Rs 110.37 crore for first premium, Senior Divisional Manager Mr Jyothi Kumar Sen informed here today.

Speaking newspersons on the ove of the LIC's 51st anniversary here tomorrow Mr Sen informed that to enhance its access more satellite branches in the division would be opened in the division.

He said the division has sold over 1,40,487 policies and registered a growth of over 116.09 per cent. He said that LIC's Mysore division's claim ratio was outstanding with 0.14 per cent at the end of this year. The division has settled 6857 death claims and disbursed over Rs 40 crore to its policyholders. The survival benefits of over Rs 200 crores was also settled during 2006-07 he said.

He said presently the LIC has online facilities for paying premium and it was also proposed to extend the facility even for the payment of claims in the near future, he added.

UNI