News From Press LIC registers improved persistency ratio for individual business in FY21

LIC registers improved persistency ratio for individual business in FY21

Source: The Hindu Businessline Jul 1, 2021

Life Insurance Corporation of India seems to have beaten the odds of the pandemic, with its 13th month persistency for individual business registering improvement in 2020-21.

For the quarter ended March 31, 2021, LIC reported a 13th month persistency of 63 per cent by number of policies and 74 per cent in terms of annualised premium for its individual regular business.

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