LIC Rajahmundry business touches Rs 108 crore

The Life Insurance Corporation (LIC), Rajahmundry division, adjudged as the number one division in fiscal 2003-04 in the country for doing a business of Rs 100 crore not only repeated its performance for the year 2004-05 but also broke last year's records by surpassing the target and registering a business of Rs 108 crore.

Divisional manager N K V Roop Kumar told Business Standard that despite the nationwide go-slow agitation by the corporation's development officers for four months from September to December 2004, the corporation was able to achieve this feat.

"What paid dividends was the activation of the 9,500-strong agent strength including those who were performing poorly and also those who remained dormant. We rewarded them even for booking a couple of policies," he added.

Besides, 2,500 high-end customers were approached with personal letters from the divisional manager inviting them to join in a newly devised pension plan called 'Future Plus' which generated tremendous response from the old policy holders and the general public.