LIC crosses 2.5 cr policies target

Mumbai, Jan 31 (PTI) Life Insurance Corporation todaysaid it has crossed the landmark 2.5 crore policies in thecurrent year as of January 29.

"LIC has completed 2,52,44,846 policies and received Rs34,137.12 crore in First Premium Income in the currentfinancial year," the country''s largest insurer said in astatement here.

The ULIP Plans under the new IRDA guidelines helped boostthe figures substantially, it said adding that the newbusiness under the new ULIP Plans as of January 29 stood at1,098,663 policies generating a premium of Rs 5136.25 crore.

The Corporation''s Endowment Plus, launched on September20, 2010, has garnered 1,017,560 policies with a First PremiumIncome of Rs 4,804.12 crore, in just over 4 months, it said.

Pension Plus, the only regular premium pension planavailable in the market after introduction of new rules hasbrought in 81,103 policies with a First Premium of Rs 332.13crore, it added.