LIC reports 3.91pc rise in investment income
LIC (International) yesterday announced financial results for its third quarter reporting investment Income of USD 73.35 million showing a positive growth rate of 3.91 per cent. As per the results as of 30 September 2018, the company has underwritten Premium of USD 128.7 Million.
The results were revealed during its Board meeting held on 22 November 2018 in Bahrain. The meeting was held in the presence of Hemant Bhargava, Managing Director of LIC of India, Thomas Mathew, Member, Abdul Rahman Ali Alwazzan, Director, Intercol and Rajesh Kandwal, CEO and Managing Director, LIC (International).
The board welcomed Hemant Bhargava, Managing Director, LIC of India as Member of the Board, and SK Thakur, the newly designated CEO and Managing Director of LIC (International). The company said it is in the process of introducing Fortune Plus (a Unit Linked Plan), Immediate Annuity and Deferred Annuity Pension Plans in the market to strengthen and diversify the product portfolio in New Business. LIC is providing Insurance coverage to 146,987 individuals in four GCC countries.
Related Posts