bhubaneswar life insurance corporation of india lic has settled over 211 lakh claims during the 200910 fiscal amounting over rs 53954 crorespeaking to the et here on the sidelines of opening the new office building of bhubaneswar divisional office on tuesday lic chairman ts vijayan said at least 9747 total maturity claims were settled on or before the date of maturity while 9516 per cent of nonearly death claims were settled within 15 days of intimationlic is fastest in claims settlement our outstanding claims both maturity and survival benefit ratio is just 113 similarly our outstanding death claims stands at 141 mr vijayan saidstating that the lic has grown by leaps and bounds in the challenging and dynamic phase of the life insurance industry the total premium income tpi for the fisal 20092010 was rs0185 986 crore and gross total income stood at rs 298721 crore mr vijayan addedto a query on the demand by lic employees of orissa for setting of a zonal office in the state the chairman said the proposal was under active consideration and necessary initiatives would be taken in that regard once the zone achieve the targets of 45 lakh police holders bhubaneswar office has 15 lakh policy holders we hope to enroll 30 lakh more customers in the next couple of years he addedthe lic employees of orissa have been demanding for a zonal office because of the long distance of the present office at patna in bihar elaborating about the performance of bhubaneswar division mr vijayan said it procured 198385 policies and collected rs 15022 crore as first premium incomebhubaneswar division is doing exceedingly well apart from good collection of first premium income the divisional settled 104209 of claims and paid rs 17448 crore towards claim proceeds in the current fiscal bhubaneswar division has target of 24 0000 policies and rs 190 crore first premium income he said