Archive · 30 Jul 2026
LIC hands over ₹12,207 crore dividend cheque to Centre
Life Insurance Corporation of India, a big insurance company in India, decided to give a big check to the government.
The check is worth about 12.2 trillion rupees.
The company’s boss, R. Doraiswamy, gave the check to the finance minister, Nirmala Sitharaman.
The company’s shareholders approved this payment at a meeting on July 27.
LIC has been around for 70 years and is the biggest life insurance company in India.
It has a huge amount of money in its assets, about 59.03 lakh crore rupees.
The check is part of the company’s yearly profit that is shared with the government.
LIC handed over a ₹12,207.25 crore dividend cheque to the Government of India for FY26.
The cheque was presented by LIC CEO R. Doraiswamy to Finance Minister Nirmala Sitharaman.
Shareholders approved the dividend at LIC’s AGM on July 27.
LIC is celebrating 70 years of operation and has assets of ₹59.03 lakh crore as of March 31, 2026.
LIC remains the market leader in India’s life insurance sector.
- Who
- Life Insurance Corporation of India and the Government of India, represented by CEO R. Doraiswamy and Finance Minister Nirmala Sitharaman
- What
- Handing over a dividend cheque worth ₹12,207.25 crore
- When
- Tuesday following the AGM on July 27, 2025
- Where
- India
- Why
- Distribution of the dividend approved by LIC shareholders for FY26
- Dividend amount
- ₹12,207.25 crore
- Shareholder approval date
- July 27, 2025
- Asset base (as of March 31, 2026)
- ₹59.03 lakh crore
- Years since incorporation
- 70
- CEO
- R. Doraiswamy