Life Insurance Corporation earned Rs 5,800 crore (Rs 58 billion) net profit during 2005-06 while its first premium income during the period grew by a record 48 per cent to Rs 18,085 crore (Rs 180.85 billion).
"Our surplus (profit) was Rs 5,800 crore in 2005-06," A K Shukla, chairman, LIC said.
LIC collected Rs 18,085 crore as first premium income during the fiscal ended March 2006 by selling 3.17 crore (31.7 million) policies as against Rs 12,170 crore (Rs 121.70 billion) collected by selling 2.39 crore (23.9 million)
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