LIC records 11.26% decline in new business premium during May

Life Insurance Corporation of India | Insurance | BFSI | BSE: 543526 | NSE: LICI

12 Jun 2023 Evaluate

Life Insurance Corporation of India (LIC) has recorded 11.26% decline in its new business premium at Rs 14,056.29 crore in May 2023 against Rs 15,840.63 crore a year ago. In May 2023, its Individual Single Premium stood at Rs 1502.68 crore, Individual Non-Single Premium stood at Rs 2104.87 crore, Group Single Premium, Group Non-Single Premium and Group Yearly Renewable Premium stood at Rs 10055.02 crore, Rs 376.51 crore and Rs 17.21 crore respectively.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.

Peers

Company Name	CMP
ICICI PrudentialLife	470.40
General Ins. Corpn.	346.05
Star Health & Allied	549.50
Niva Bupa Health Ins	80.50
ICICI Lombard Gen.	1448.10
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.