Business
LIC's profit rises 20% to ₹12,076 crore
India's biggest insurer had a strong September quarter, though new first-year premiums dipped slightly.
In short
+20%rise in quarterly net profit
- Profit: ₹12,076 crore
- Net premium: ~₹1.47 lakh crore
- First-year premium: ₹10,432 crore
The numbers
Life Insurance Corporation of India reported a standalone net profit of ₹12,076 crore for the quarter ended September, up 20%. Net premium income grew 16.2% to about ₹1.47 lakh crore.
The catch
First-year premium — money from brand-new policies — slipped slightly to ₹10,432 crore, and LIC flagged volatility in its market-linked (ULIP) products.
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