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Get the appGetIndia's Life Insurance Corporation (LIC) reported a 20% year-on-year profit increase in Q2, reaching ₹12,076 crore. This growth was driven by higher premium income, particularly from group insurance, despite a drag in retail sales. The expansion in value of new business (VNB) margin and net premium also contributed to the improved financial performance.
Reuters·
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Amar Ujala·
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Mint Companies·
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TOI Business·
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TOI Entertainment·
Reuters·
India's Life Insurance Corporation (LIC) reported a 20% year-on-year profit increase in Q2, reaching ₹12,076 crore. This growth was driven by higher premium income, particularly from group insurance, despite a drag in retail sales. The expansion in value of new business (VNB) margin and net premium also contributed to the improved financial performance.
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