Life Insurance Corporation of India (LIC) has witnessed a decline of 5.29% in the new business premium in June 2022 at Rs 20,643.67 crore, as against Rs 21,796.28 crore in the year-ago month. The cumulative new premium during the first three months of this fiscal was up by over 35% to Rs 48,201 crore.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.