Life Insurance Corporation of India’s Western Zone has sold 60,182 ‘cancer cover’ policies since the launch of the product nine months back.
Vipin Anand, Zonal Manager, LIC, said the zone collected Rs. 29.16 crore as premium by selling the cancer cover policy. The average sum insured of the policies sold was Rs. 50 lakh.
The Western Zone comprises three States – Maharashtra, Gujarat and Goa, and two Union Territories – Dadra and Nagar Haveli and Daman and Diu.