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FM asks LIC to open 1,800 offices in FY14

The life insurer has to achieve a total target of 3,867 offices in FY13-14

May 27, 2013 3:21 IST | India Infoline News Service
Financial services secretary Rajiv Takru on Sunday said that finance minister P Chidambaram has suggested Life Insurance Corporation of India (LIC) to open 1,800 new offices in FY13-14, according to a media report.

These offices will have to cover towns with a population of more than 10,000 people, the report added.

Mr Takru said on the sidelines of a meeting between the LIC board and the finance minister.

The life insurer already had about 2,067 offices and has to achieve a total target of 3,867 offices in FY13-14, the report said further.

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