As of H1FY23, the non-par share on an individual annaulised premium equivalent (APE) basis of LIC stood at 8.99 per cent; the par share stood at 91.09 per cent. In the March quarter of FY22, the share of non-par in individual business was 7.12 per cent, and in the June quarter, it was 7.75 per cent.
"We continue to increase the share of non-par business in our individual business with every passing quarter," said M R Kumar, chairperson, LIC, in the analyst call.
"The immediate goal is that within the next few years these product portfolio mix in the individual segment could possibly turn around to 75-25 sort of proportions from current 955 or 93-7 sort of proportions.
This story is from the November 19, 2022 edition of Business Standard.
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This story is from the November 19, 2022 edition of Business Standard.
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