LIC becomes a market leader by taking over 80% of the market share in Pension and Group Segment Life Insurance Corporation of India (LIC) achieved a milestone by collecting a huge premium of Rs 39143 crore through its pension and group segment, as on February 28, 2014. The company boasts of its market share in group segment which is a decent 84%. Also the fact that collected premium is 5 times the total collected premium of 23 private players adds to the company's achievement.
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