LIC Profits Soar by 38% Amid Declining Income

Life Insurance Corporation of India (LIC) announced a significant 38% surge in net profit, totaling Rs 19,013 crore for the fourth quarter ending March 2025. This comes despite a drop in total income, which fell to Rs 2,41,625 crore compared to Rs 2,50,923 crore in the same quarter of the previous fiscal year.

While the income from first-year premiums saw a decline, falling to Rs 11,069 crore from Rs 13,810 crore, renewal premiums witnessed an upward trend, increasing to Rs 79,138 crore from Rs 77,368 crore year-on-year. For the full financial year, LIC's profit rose by 18% to Rs 48,151 crore, and the total annual income climbed to Rs 8,84,148 crore.

The LIC board has recommended a final dividend of Rs 12 per equity share for the fiscal year ending March 31, 2025. This proposal is subject to approval at the upcoming Annual General Meeting (AGM).

(With inputs from agencies.)