LIC Nagpur division settles claims of Rs 58 cr in FY17

Nagpur, Aug 31 (PTI) The Nagpur division of LIC hassettled claims to the tune of Rs 58 crore of as many as 4,806individuals during the current fiscal so far, a seniorofficial said today. "The division has sold 71,946 policies and received Rs252.25 crore as premium paid," Senior Divisional Manager, LifeInsurance Corporation (LIC) Nagpur Division, Ashwini Kumar Jhatold reporters here. The life insurance behemoth is celebrating itsdiamond jubilee this year. "The Nagpur division of LIC has settled claims to thetune of Rs 58 crore of 4,806 persons during the current fiscalso far," Jha said. The official said the division office has receivedaround 11.95 lakh policies for revival . "So far 45,308 policies have been revived with apremium of Rs 37.32 crore," he added. Jha said on the national scenario, LIC has assets tothe tune of Rs 22 lakh crore with over 41 crore policies inforce. Last fiscal 205.47 lakh policies were sold which was76.84 per cent of the market share. The premium paid was Rs97,674.32 crore, which was 70.44 per cent of all India marketshare, Jha added. PTI JOE NRB ABKBAS