With regard to achieving overall targets, Jorhat has been ranked sixth in India whereas it was ranked fifth in the last financial year.
The Jorhat divisional office has 20 branches and eight satellite offices spread over seven districts Tinsukia, Dibrugarh, Sivasagar, Jorhat Golaghat, Dhemaji and Lakhimpur in Assam and the states of Arunachal Pradesh and Nagaland.
In a news meet held today as part of the 57th anniversary celebrations of the LIC, senior divisional manager B.K. Ramchiary said given the overall growth of industry, the Jorhat divisional office had done a commendable job.
Marketing manager A.K. Basumatary said the number of policies in 2012 was 3,01,919 and the premium collected was Rs 274 crore.
With regard to policies, Jorhat had recorded a negative growth of -0.97 per cent whereas the all-India growth had been +0.77 per cent.
In terms of premium, however, Jorhat posted a 12.15 per cent increase and had ranked 10th while Guwahati posted a 17 per cent increase and ranked fifth.
Despite the overall growth scenario in the country, the Jorhat division was upbeat with 8.76 per cent growth for the period between April 1 and August 31.
For the Jorhat division, the target for 2013-14 in terms of policies is 3,30,000 and in terms of premium it is Rs 300 crore.
Till August 31, 74,000 policies were sold and a premium of Rs 82 crore was collected.
Ramchiary said Jorhat had done a commendable job given the area under its jurisdiction.
Our geographical area is vast but the terrain and population pattern and density is different from cities and metros. In Nagaland and Arunachal Pradesh the penetration is very low, especially in Arunachal Pradesh where it is nil in some places, he added.
IRDA (Insurance Regulatory and Development Authority) had ranked LIC as the best insurance company to settle claims with one claim being settled in India in 1.85 seconds.
This week, the Jorhat division had held an art contest for students on Sunday.