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Asia

LIC Q1 Results: Net profit rises 23% YoY to ₹13,492 crore; VNB jumps 61%

mint - markets · 1h ago · 🇮🇳 India

LIC Q1 Results: Net profit rises 23% YoY to ₹13,492 crore; VNB jumps 61%

LIC reported a net profit of ₹13,492 crore for Q1, up 22.8% YoY. Total premium income rose 6.8% to ₹1,27,250 crore. Value of New Business increased 61.3% YoY, and the net VNB margin improved to 22.9%. LIC retains 60.10% market share in Indian life insurance.

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