LIC Q4 net profit upsurge 2% to Rs 13,763 Crore
The insurer’s total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.
Insurance giant LIC on Monday reported a marginal 2 % rise in net profit to Rs 13,763 Crore for the fourth quarter ended March 2024.
The insurer had made a profit of Rs 13,428 Crore in the same quarter a year ago.
The insurer’s total income during the quarter under review increased to Rs 2,50,923 Crore from Rs 2,00,185 Crore in the same period last fiscal, LIC said in a regulatory filing.
LIC’s incomes from first-year premium also increase to Rs 13,810 Crore in the latest January to March quarter from Rs 12,811 Crore in the same period previous financial. Income from revitalization premium increased to Rs 77,368 Crore during the period under review compared to Rs 76,009 Crore a year ago.
For the full financial year conclusion March 2024, the insurer posted a profit of Rs 40,676 Crore compared to Rs 36,397 Crore in the earlier financial year.
