LIC broke earnings record, net profit increased by 10 times


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LIC : Life Insurance Corporation (LIC) which is a public sector insurance company. LIC on Friday said its consolidated net profit after tax for the September quarter has grown manifold to Rs 15,952 crore. Which was Rs 1,434 crore in the same quarter of the previous financial year.

LIC broke earnings record, net profit increased by 10 times

Registered Net Profit of Rs.682.9 Crore

April to June quarter. The insurance giant had posted a net profit of Rs 682.9 crore. LIC’s net premium income. Those reviews have increased in the quarter under review and it has increased to Rs 1.32 lakh crore, from Rs 1.04 lakh crore a year ago. 27 percent more than that.

LIC broke earnings record, net profit increased by 10 times

Signs of growth in business

There are signs of growth in the business, the premium for the first year stood at Rs 9,124.7 crore. Which was Rs 8198.30 crore a year ago. Renewals that are premium. That has increased by 2 percent to Rs 55,156 crore. Whereas those are single premium. That’s a 62 percent increase. Which has become Rs 66,901 crore.

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english summary

LIC broke earnings record net profit increased by 10 times

Life Insurance Corporation (LIC) which is a public sector insurance company. LIC on Friday said that its consolidated net profit after tax for the September quarter has increased manifold to Rs 15,952 crore.

Story first published: Friday, November 11, 2022, 20:28 [IST]





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