LICI crossses 2009 annual premium target
LICI Fiji created a record of sorts by completing its annual new premium target of F$8 million almost a quarter ahead of the year end. By achieving this feat on the 8th of September 2009, LICI has performed a hat-trick as this is the third successive year of completing premium budget. It is significant that the new premium of LICI has been growing at a hectic pace in the last three years. From less than one million in 2006, the First premium grew by over 300% to F$3.23 million in 2007 and further to F$6.72 million in 2008. During 2009 it is likely that LICI may generate over F$12 million as premium from new sales which will represent a almost 100% jump over 2008.
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