“The leading credit cooperative, Lokmanya Multipurpose Cooperative Society, saw its insurance department reach an all-time high in the 2023-24 fiscal year.
As of March 31, 2024, the total insurance premium collection nearly hit 21 crore.
Sharing this achievement on their Facebook page, the society announced, ‘Lokmanya Multipurpose Co-Operative Society Ltd.’s Insurance Department achieves an all-time high in FY 2023-2024. With an impressive 40% growth over the previous year, we proudly report a total insurance premium collection of nearly 21 Crores as of March 31, 2024.’
‘Life Insurance leads the way, securing 11.93 Crores, while Non-Life Insurance contributes a robust 9 Crores. At Lokmanya, we are dedicated to safeguarding lives and promoting financial independence for all our patrons. Together, we are scaling new heights,’ reads the Facebook post.”