News From Press For LIC, Jeevan Akshay a cash cow

For LIC, Jeevan Akshay a cash cow

Source: PTI/The Economic Times Jan 29, 2017

riven by robust sales of the single-premium immediate annuity plan Jeevan Akshay, the national life insurer LIC has so far seen a healthy 81.6 per cent jump in first premium income for the current fiscal over the same period a year ago and is also set to breach the full-year target.

Till January 15, the Corporation notched up a first premium income of Rs 27,350.67 crore for FY2016-17, an LIC spokesperson told PTI.

The official also said the insurance behemoth has set an ..

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