LIC International held its Audit Committee Meeting and Board Meeting on 22nd and 23rd November 2017

By November 23, 2017Uncategorized


The 100th Meeting of the Board of Directors of LIC (International) BSC © was held at Movenpick Hotel, Bahrain on 23rd November, 2017.

The meeting was attended by Mr. V.K. Sharma, Chairman, LIC of India, Mrs. Usha Sangwan, Managing Director, LIC of India, Mr. Abdulrahman Ali Alwazzan, Director, Intercol, Mr. Rajesh Kandwal, CEO & MD, LIC (International) Bahrain.

The Board took note that the Company has already achieved its New Business target in terms of Total First Premium Income and also Non Single Premium.  The total First Premium Income achieved by the Company as on 15th November, 2017 is over USD 371 million, registering a growth of over 36 percent.    In terms of new policies written, the Company registers a healthy growth of over 6 percent.  As on 15th November, 2017, 18 Consultants have qualified for MDRT and 2 for COT during the year.