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Press Information Bureau
Government of India
Ministry of Finance
12-August-2011 16:36 IST
Market Share of LIC Rises to 76. 92 Percent During 2010-11
The market share of the Life Insurance Corporation of India (LIC) 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:-
Year | Market Share (%) | |
| First Year Premium | Policies |
2009-10 | 64.86 | 73.02 |
2010-11 | 68.70 | 76.92 |
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.
DSM/SS/PM
Market share concentration: LIC's dominance in the life insurance market increased, reinforcing its leading position. The press release reports an increase in the market share of the Life Insurance Corporation of India in the life insurance industry for the latest reported year, reflecting a rising proportion of first year premium business and policies relative to private competitors, based on an official ministerial reply to Parliament. of Press 'Enter' after typing page number.
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