LIC expects to better budgeted growth target

February 2nd, 2011 - 11:54 pm ICT by IANS  

Kolkata, Feb 2 (IANS) State-run Life Insurance Corporation of India (LIC) is expecting to better its budgeted growth target of 25 percent for the first premium business from eastern India, an official said here Wednesday.”We hope to surpass out budgeted target of growing 25 percent over the last fiscal. We feel we can touch 30 percent growth,” R.R. Dash, company’s zonal manager, told reporters.

He said the company was expecting to log Rs.6,575 crore from first premium business in the current fiscal 2010-11, up from Rs.5,262 crore it got in the previous fiscal from the eastern region.

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