One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said.
The insurer also paid Rs.1.34 trillion as claims last fiscal.
According to LIC, it earned a new business or first year premium of about Rs 1.84 trillion last fiscal up from about Rs 1.77 trillion earned the previous year.