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LIC’s total assets cross Rs 24 lakh crore as on December 2016

Life Insurance Corp, the country’s biggest institutional investor posted a growth of 12.81% in total assets to Rs 24.41 lakh crore at the end of December 2016.

VK Sharma, chairman of LIC, said that performance is in line with their expectation.

It recorded 12.43% in total premium income at Rs 1,45,031 crore during the nine month ended December 2016.

In the same period last year, it had done total premium of Rs 1,29,001 crore.