New business (first-year premium) contributed to the 3.5 per cent growth with a collection of Rs 1.8 lakh crore premium from 2.1 crore new policies.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lics-asset-base-surged-to-rs-38-lakh-crore-in-fy20/articleshow/85826130.cms
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