Life Insurance Corporation’s newly-constructed five storied building Jeevan Samridhi was inaugurated on Monday by LIC managing director B. Venugopal.
The landmark commercial property is located in the heart of the city as an annexe to the existing LIC divisional office Jeevan Prakash. The new building is provided with cellar and sub-cellar, a two-level parking space.
The commercial investment building has a built-up area of 53,874 sft. Speaking on the occasion, Mr. Venugopal declared that LIC had crossed one crore policies as of now in the fiscal with total first premium of 21,257 crore, showing a growth of 21%. He also complimented Visakhapatnam division for being the number one in the South Central Zone by completing 1.31 lakh policies till date with as many as 200 crore total first premium.