Economic TimesLean R·
LIC Q2 Results: Profit jumps 20% YoY to Rs 12,115 crore, NPI grows 16%
Life Insurance Corporation of India (LIC), the country's largest insurer, reported a nearly 20% rise in consolidated net profit to Rs 12,114.78 crore for the September quarter on Thursday, supported by strong growth in premium income and higher investment earnings. The state-owned insurer had reported a net profit of Rs 10,098 crore in the corresponding quarter last year. However, profit declined 11% sequentially from Rs 13,584 crore in the June quarter.Net premium income increased 16.2% year-o…
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