NATIONAL insurer Life Insurance Corporation (LIC) has delivered a strong set of numbers with more than doubling of the more margin-yielding non-par products share to 23.52% in the June quarter from 10.22% in the year-ago period, which boosted the standalone net income by 9.61% to 10,544 crore for the reporting period, which also saw its market share improving.
The insurer's net premium income rose 16% to 1.14 lakh crore in the reporting quarter compared to 98,755 crore in the year ago period, boosting its AUM by over 16.22% to ₹53.59 lakh crore.
Even though it underwrote more policies during the quarter, the company has reported better solvency ratio at 1.99 up from 1.89 in the previous reporting period.
Bu hikaye The New Indian Express dergisinin August 09, 2024 sayısından alınmıştır.
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Bu hikaye The New Indian Express dergisinin August 09, 2024 sayısından alınmıştır.
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