KARNATAKA

LIC targets five lakh policies in Udupi circle

Staff Correspondent

Udupi: Uma Rao, Senior Divisional Manager of the Life Insurance Corporation (LIC) of India (Udupi circle), has said the division plans to cover over five lakh people with conventional, micro- and group insurance in the current financial year.

Addressing presspersons here on Tuesday, Ms. Rao said the division had jurisdiction over Udupi, Dakshina Kannada and Chikmagalur districts. In 2008-09, the division sold 2,43,747 policies and collected Rs. 238.85 crore as premium. The claim amount settled stood at Rs. 193.87 crore.

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