Life Insurance Corporation expects a 20% growth in 2014

Life Insurance Corporation International, Bahraini subsidiary of Life Insurance Corporation of India (LIC), targets a growth of 20% of its turnover in 2014. The company, result of a joint venture between LIC and Intercol, was created in 1989.

It is also active in Saudi Arabia, Kuwait, Abu Dhabi, Oman and Qatar. In 2007, it obtained a license to sell insurance products to all residents of Bahrain. In 2013, its turnover amounted to 260 million USD making a jump of nearly 300% compared to 2012. Premiums volume generated by bancassurance is 118 million USD.