LIC expects to retain existing 82% market share this fiscal
10/06/2014 14:48
State-owned LIC expects to retain its existing market share of 82 per cent during the current fiscal, reported PTI. “We hope to retain the existing market share in the current financial year at 82 per cent,” LIC Managing Director S B Mainak said in media. LIC’s market share had increased to 82 per cent last fiscal against the previous year’s level of 76 per cent. Mainak said that LIC had introduced many new products since January 2014. “Products require time to get market acceptance”, he told media on the sidelines of a seminar organised by BCCI. He further said that the growth in first premium income for any insurance company is largely dependent on the growth of the economy.
10/06/2014 14:48
State-owned LIC expects to retain its existing market share of 82 per cent during the current fiscal, reported PTI. “We hope to retain the existing market share in the current financial year at 82 per cent,” LIC Managing Director S B Mainak said in media. LIC’s market share had increased to 82 per cent last fiscal against the previous year’s level of 76 per cent. Mainak said that LIC had introduced many new products since January 2014. “Products require time to get market acceptance”, he told media on the sidelines of a seminar organised by BCCI. He further said that the growth in first premium income for any insurance company is largely dependent on the growth of the economy.
