Life Insurance Corporation
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LIC's New Premiums Jump 22.5% to Reach ₹1.33 Lakh Crore in Current Fiscal Year
In the Individual Premium, LIC had garnered Rs 33,204.36 crore during the first seven months of FY25, which is up by 13.58% as against Rs 29,233.73 crore recorded during the same period last year. The Group Premium however increased much steeper at 25.79%, to Rs 97,947.05 crore from Rs 77,864.69 crore of the previous year.
LIC Reports Net Profit of ₹7,621 Crore for July-September Quarter
For the quarter under review, net premium income increased by 11 percent to Rs 1.19 lakh crore against Rs 1.07 lakh crore for the same period in the previous year.
LIC Increases Stake in Biocon to 5.02%
Earlier, LIC had a stake of 4.98 per cent in the pharma company.
LIC Delivers Additional Rs 3,662 Crore Dividend to Government
LIC had earlier declared an interim dividend of Rs 2,441.45 crore on March 1, taking the total dividend paid to the government for the fiscal year 2023-24 to Rs 6,103.62 crore. Additional Secretary, Department of Financial Services, M.P. Tangirala and senior officials of LIC were also present at the occasion. Turning 68 years since its incorporation, LIC recorded an asset base of more than Rs 52.85 lakh crore as on March 31, 2024.
LIC's New Business Premium Jumps Nearly 20% to ₹18,431 Crore in July
Other details show that the 'Individual Premium' segment fetched in ₹5,479.57 crore in July, which is a 14.72 per cent increase from ₹4,776.66 crore in July 2023. The 'Group Premium', the second basket, recorded a massive rise of 22.74 per cent at ₹12,838.14 crore in July 2024 against ₹10,460 crore during the same month a year ago.
LIC Shares Skyrocket by Almost 80% Over the Past Year
Shares of LIC quoted Rs 1,101 at a price that was last recorded at the counter on July 18, 2023, when the stock quoted Rs 620.
Market Capitalization Soars: LIC Leads as Top Firms Gain Rs 85,582 Crore
During the week, the BSE benchmark Sensex rose by 299.41 points or 0.39%, reaching a record high of 77,145.46 on June 13.
Survey Reveals Challenges Faced by Nearly 43% of Health Insurance Policyholders in Claim Processing Over Past 3 Years
This was overwhelmingly emphasized by 93 percent of the respondents from the study conducted by Localcircles. They pressed the onus on the need for the implementation of regulatory reforms. They suggested that Insurance companies should also be mandated to provide information about claims and policy cancellations on their websites every month.
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