Market share of LIC rises to 76.92% during FY11

Aug 12th, 2011No Comments

LIC India Logo The market share of the Life Insurance Corporation of India (LIC of INDIA) 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

The public sector behemoth, which has government backing for all its policies, has registered growth in its market share for the second consecutive year despite increasing number of private players entering into the business.

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.

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