kolkata figures released by irda for apriljuly 2008 show that the general insurance industry has clocked 141 growth in premium income as against 1258 in the previous corresponding period but private players registered a marginal fall to 25 during apriljuly 2008 against 26 in the previous period interestingly public sector companies registered a rise in growth rate in the same period from 548 during apriljuly 2007 to 745 in apriljuly 2008 this comes in the backdrop of fears that decontrol would lead to price undercutting and hence less premium nagpur life insurance corp lic may launch its credit card in october according to its senior divisional manager bhausaheb gujar lic is in the process of finalising the partner and in all probablity it would be introduced next month he said told reporters here the insurance giant is also in the process of completing formalities for accepting its premium through credit cards gujar said lic has already roped in corporation bank and axis bank for accepting premiums from those holding accounts there