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The market share of the Life Insurance Corporation of India (LIC) in insurance industry has increased to 76.92 percent during 2010-11.The market share of LIC has been increasing consistently during the last two years.
LIC’s market share for 2009-10 and 2010-11 is as under:-
Market Share (%) for year-2009-10
First Year Premium- 64.86
Policies- 73.02
Market Share (%) for year-2010-11
First Year Premium- 68.70
Policies-76.92
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a Question in Lok Sabha today. Source : India Infoline
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