LIC Q2FY25 Net Profit Declines by 4%, But Premium Income Soars 12%
Life Insurance Corporation of India (LIC) reported a 4% drop in its standalone net profit for Q2FY25, totaling ₹7,621 crore. Despite the profit decline, LIC saw a 12% increase in net premium income and a 16% rise in investment income. The insurer's market share grew to 61.07%, and it plans to launch a health insurance business by the end of this financial year.
By Vishal Kumar
November 8, 2024