LIC posts a fall of 3.8 per cent in profit in Q2FY25
The Statesman|November 09, 2024
Life Insurance Corporation of India (LIC) on Friday posted a 3.8 per cent fall in second-quarter profit as it paid out higher benefits.
STATESMAN NEWS SERVICE

However, the new business margins for the half-year expanded.

LIC's profit after tax fell to 76.21 billion rupees ($903.6 million) for the quarter ended September from 79.25 billion rupees a year earlier. The net premium income rose 11.6 per cent to 1.20 trillion rupees, but the net benefits paid by the insurer to policyholders climbed 17 per cent to 975.62 billion rupees during the quarter.

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