Bahrain insurance company LIC (International) sold 10,394 new policies with new business premium of $53.78 million during 2011.

The company announced at a board meeting yesterday that it has registered a growth of 12 per cent in new business premiums in 2011.

Its new product 'Jeevan Aastha 2' was a great success and it collected $26.11 million in premiums.

The company produced 34 consultants for the prestigious Million Dollar Round Table 2011. It settled claims of $22.18 million during the year.

It won the prestigious MEIF 2012 Institutional Excellence Award during the year. – TradeArabia News Service