Life Insurance Corporation of India (LIC) reported a 32% rise in profit for the second quarter of FY26, reaching ₹10,053 crore compared to ₹7,620 crore in the same quarter last year.
The country’s largest insurer’s Net Premium Income climbed 5.4% to ₹1.26 lakh crore in Q2 FY26, up from ₹1.19 lakh crore a year earlier.
CEO and MD of LIC, R Doraiswamy, said the company remains optimistic about the recent GST changes announced for the insurance industry.
For the first half of FY26, LIC’s total premium income rose 5.1% to ₹2,45,680 crore. The insurer’s individual business premium increased to ₹1,50,715 crore, while group business premium rose to ₹94,965 crore.
However, individual new business premiums slipped 3.5% to ₹28,491 crore from ₹29,538 crore in the first half of FY25. Meanwhile, renewal premiums in the individual segment grew 6.1% to ₹1,22,224 crore, reflecting continued customer retention and policy renewals.
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