3 weeks ago
LIC net profit jumps 23% to Rs 13,492 crore
LIC is India's biggest insurance company.
It helps people save money and get financial protection.
The company shared its earnings report for the first three months of the financial year.
LIC made more money this year than last year.
Its profit grew by 23 percent.
That means it earned Rs 13,492 crore.
LIC also collected more money from people buying new insurance policies.
It received more money from people renewing their policies too.
This shows that LIC is doing well and growing.
LIC reported a 23 per cent increase in net profit to Rs 13,492 crore in the first quarter of the financial year.
The insurer had earned a net profit of Rs 10,987 crore in the corresponding quarter a year earlier.
Total income rose to Rs 2,37,848 crore from Rs 2,22,864 crore in the same period last fiscal year.
Income from first-year premium increased to Rs 9,217 crore from Rs 7,525 crore year-on-year.
Income from renewal premiums grew to Rs 61,833 crore from Rs 59,885 crore in the reporting quarter.
- Who
- Life Insurance Corporation of India (LIC), the country's biggest insurer
- What
- Posted a 23 per cent rise in first-quarter net profit to Rs 13,492 crore, along with higher total income and premium collections
- Where
- New Delhi
- When
- First quarter (June quarter) of the ongoing financial year, announced on Thursday
- Why
- Not explicitly stated in the article; the growth was accompanied by higher first-year and renewal premium income
Key facts
- Company
- Life Insurance Corporation of India (LIC)
- Q1 Net Profit
- Rs 13,492 crore
- Profit Growth
- 23% year-on-year
- Prior Year Q1 Net Profit
- Rs 10,987 crore
- Total Income
- Rs 2,37,848 crore
- First-Year Premium Income
- Rs 9,217 crore
- Renewal Premium Income
- Rs 61,833 crore
Sources
Related news
LIC Q1 net profit up 23% YoY; VNB jumps 61%
LIC flags household income pressure as Q1 profit climbs 23%
GIC Q1 Standalone Profit Jumps 10% to ₹1,922 Crore
GIC Re Q1 Profit Rises 9.7% to ₹1,922 Crore
Q1 Results 2026: Over 150 Companies to Declare Results Today
Top stocks in news: LIC, Britannia, TVS Motor Q1 results
India’s Banking AI Push Revives Old Technology Job Debate
Retired Mumbai LIC Employee Loses ₹97.70 Lakh in Trading Scam
Subhash Chandra Challenges NCLT Bench as NCLAT Appeal Waits
LIC Launches Bima Platinum and Jeevan Raksha Plans
NCLT Stays Subhash Chandra Repayment Plan, Orders Fresh Hearing
