LIC Q1 net up 23% to ₹13,492 cr on higher premium and new biz
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). Total premium income of the State-owned insurer increased 6.75% YoY to ₹1,27,250 crore. CEO and MD R.Doraiswamy said despite increasing competition in…
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