LIC Of India Loses Life Insurance Market Share: Slipped from 75% to 70% \

Life Insurance Corporation of India (LIC of India) has conceded further market share to its private-sector rivals between April and December of 2014-15.

LICs new premium collection over this period was Rs. 51,667 crore compared to Rs. 65,775 crore over the same period in the previous fiscal year, a decline of 21%.

Owing to this, its market share has slipped to 70% compared to 75% at the end of the previous fiscal year.

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