LIC’s Premium Collection for Fiscal Year 2023 Surges 17%, Maintains Market Dominance in India’s Insurance Sector
Life Insurance Corporation of India (LIC) has recorded a growth of 16.67% in total premium collected for fiscal year 2022-23, reaching a total of ₹2.32 trillion from ₹1.99 trillion in the previous fiscal year. This makes LIC the largest insurance company in India, with a market share of over 62%. The private insurance sector has … Read more