MUMBAI: Life Insurance Corp, the country’s biggest institutional investor posted a growth of 12.81% in total assets to Rs 24.41 lakh crore at the end of December 2016.

VK Sharma, chairman of LIC, said that performance is in line with their expectation.

It recorded 12.43% in total premium income at Rs 1,45,031 crore during the nine month ended December 2016.

In the same period last year, it had done total premium of Rs 1,29,001 crore.

The new business income performance for the nine month period ended December 2016 saw an impressive increase of 40.11% in first year premium.