(a) whether the number of LIC subscribers has been reduced with the advent of private insurance companies in the country;
(b) if so, the details thereof; and
(c) the total number of new policy holders registered in LIC during the last three years, State-wise?
Minister of State in the Ministry of Finance
(a) to (b) The number of subscribers for LIC policies during the past three years 2012-13, 2013-14 and 2014-15 are as follows:
Insurer Number of Policies (Lakhs)
2012-13 2013-14 2014-15
LIC 367.82 345.12 201.71
Private Insurers (other than LIC)
74.05
63.6
57.37
(c) The total number of new policy holders registered in LIC during the last three years, state-wise is enclosed at Annexure-A.
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