Ernakulam Division tops in first premium collection

Kochi, Dec 14 (UNI) Ernakulam Division of Life Insurance Corporation retained the top spot in new business with a first premium collection of Rs 800 crore, among 105 divisions in the country.

Talking to newspersons here today, LIC Senior Divisional Manager, J Anil Kumar said the Division had sold 3,67,239 policies during the current fiscal year.

He said the Division had crossed 80.90 per cent of the targeted budget of Rs 955 crore in first premium and had set an ambitious target of Rs 1500 crore first premium income for the current fiscal.

The Division sold 2,56,267 ULIP policies for a total premium collection of Rs 765.53 crore, he added.

Mr Kumar said four more satellite offices had been opened in the Division for the collection of premium.

The Division would hand over a cheque of Rs two lakh from the LIC Golden Jubilee Foundation for the construction of a library room at the Government School at Mannarkad in Palakkad district, he added.

UNI