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LIC aims at Rs 1,000-cr premium from Jeevan Vaibhav

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of India (LIC) is targeting to collect Rs 1,000-crore premium in Andhra Pradesh and Karnataka from its close-ended, guaranteed-return policy ‘Jeevan Vaibhav’, which was launched on Monday.

AK Sahoo, zonal manager of LIC, who heads the operations of the two southern states, said the company was expecting a very good response to this single-premium plan, the company’s first launch in the current financial year, from the customers of Andhra Pradesh and Karnataka. This guaranteed-return plan has been made available only for a limited period of 120 days from the date of launch, according to Sahoo.

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GSFC to augment capacities with Rs 800 cr investment

Fertilisers player, Gujarat State Fertilizers and Chemicals Ltd (GSFC) has planned investments to the tune of Rs 800 crore during fiscal 2013 to ...

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