Life Insurance Corporation of India plans to sell 49 lakh policies worth Rs 2,685 crore in its east central zone, which includes Bihar, Jharkhand and Odisha, in the current financial year.
In 2012-13, the LIC sold over 44 lakh policies and collected premium worth Rs 2,372 crore from the east central zone alone.
“We have been able to sell 12 lakh policies worth Rs 800 crore till August 31. This has been possible because of hardworking agents, officers and employees of the corporation. We hope that we will be able to match our target for the current fiscal year,” N.P. Chawla, zonal manager, LIC, said on the 57th anniversary of the corporation in Patna on Monday.
Chawla said customers, who currently enjoy the facility of depositing premium in any branch in the country, would soon be able to submit their applications for payment of claims, too, in any branch. He, however, refused to divulge the exact date by when the facility would be made available.