Varishta Bima garners Rs 800 crore

 Thirty per cent of policies sold under Varishta Pension Bima Yojana launched by the prime minister, have come from rural India.  The finance ministry had recently remarked that the target group had not been effectively tapped.  Yet as per the latest figures available with the Life Insurance Corporation of India (LIC) Varishta Bima has mopped up over Rs 800 crore with the sales just a little under 43,000 policies across the country as of July 31.  LIC chairman S B Mathur had earlier told Business Standard that he estimated a total collection of Rs 2,000 crore during the fiscal from Varishta Bima.  However, going by the present performance, it is likely LIC will well exceed expectations with another eight months to go till the end of the fiscal.  Sales are being pushed through LIC