LIC profit after tax of Rs 1,437 crore on April-September




The state insurer reported a jump of Rs 17,404 crore in overall premiums and income from investments grew to Rs 3.35 lakh crore in the April-September 2021 time.

Life Insurance Corporation of India (LIC) on Tuesday reported a profit after tax of Rs 1,437 crore for the first half of the financial year 2021-22 as compared with Rs 6.14 crore in the year-ago period.

Its new business premium growth rate stood at 554.1 percent in H1FY22, compared with 394.76 percent during the corresponding period of the preceding financial year, LIC said on Tuesday.

Its overall total net premiums increased Rs 1,679 crore to Rs 1.86 lakh crore during April-September 2021, from Rs 1.84 lakh crore in the year-ago period.

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