Home STATE CITY LIC Bhubaneswar sets Rs 193 cr premium collection target this fiscal

LIC Bhubaneswar sets Rs 193 cr premium collection target this fiscal


Odisha Sun Times Bureau
Bhubaneswar, June 21:

The Bhubaneswar division of Life Insurance Corporation of India (LIC) has set a premium collection target of Rs 193 crore for the current financial year out of which Rs 31 crore will be collected towards premium under the Varishtha Pension Bima Yojana (VPBY), said senior divisional manager Shripati Hansda.
LIC of India
A premium collection target of Rs 162 crore has been set barring premium on VPBY, he added.

Last fiscal, while the division’s target was Rs 153 crore, the division had collected Rs 163 crore towards premium, Hansda informed. He said till date four lakh beneficiaries have been included under the Pradhan Mantri Surakhya Bima Yojana which has was launched by the government this year.

The senior divisional manager said keeping in line with demand of customers LIC this month is laying emphasis on the sales of three products-Jeevan Akshay, Bima Bacchat and Single Premium Endowment Yojana having one-time premium payment options.

“There is ample scope for employment opportunities in the life insurance sector both directly and indirectly,” Hansda said.

In the meanwhile, LIC has begun the process for recruitment of apprentice Development Officers. In the process 32 vacancies will be filled up in Bhubaneswar division, the senior divisional manager informed.

Similarly, the company targets to fill up 220 vacancies in four divisions in the state, he said.

LIC in Odisha has four divisions which include Bhubaneswar, Cuttack, Brahmapur and Sambalpur. These four divisions are among the seven divisions that have achieved their targets in the country last fiscal , Hansda said.