The Hindu·3 min read·medium
LIC Q1 net up 23% to ₹13,492 cr on higher premium and new biz
T
The Hindu Bureau
✦AI Summary
Life Insurance Corporation of India (LIC) reported a 23% increase in net profit for the June quarter, reaching ₹13,492 crore. The growth was driven by higher premium income and a significant expansion in the value of new business.
Life Insurance Corporation of India’s (LIC’s) standalone net profit for the June quarter rose 22.81% year-on-year (YoY) to ₹13,492 crore on higher premium income and a surge in value of new business (VNB).
businesseconomy
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in