LIC optimistic

The Bahraini subsidiary company of the Indian insurer Life Insurance Corporation, (LIC), is keeping an eye on neighboring markets. LIC, whose portfolio consists mainly of Indian expatriates, is having difficulties to attract Bahraini and other nationals. Nearly 7 500 policies worth 17.45 million BHD (46.57 million USD) were underwritten during the first 10 months of 2012, that is an increase of 15% compared to the same period of 2011. A turnover of 22.7 million BHD (60.2 million USD) is expected in 2012.