Life Insurance Corporation of India has registered 23 per cent increase in net profit in the March quarter at ₹23,467 crore against ₹19,039 crore logged in the same period last year.

The insurance behemoth has also announced a 1-for-1 bonus issue of shares, as well as a pre-bonus dividend of ₹10 per share.

LIC registered 12 per cent jump in premium income of ₹165,067 crore (₹147,917 crore) with new business premium income increasing 17 per cent to ₹13,009 crore (₹11,103 crore).

Renewal and single premium income jumped to ₹82,233 crore (₹79,425 crore) and ₹70,119 crore (₹57,694 crore).

Income from investment also increased to ₹109,211 crore (₹93,443 crore).

The company’s solvency ratio — a key measure of an insurer’s financial strength — improved to 2.35 per cent during the quarter, up from 2.11 per cent a year ago and 2.19 per cent in the previous quarter. However, LIC’s 13th-month persistency ratio stood lower at 67.77 per cent against 68.62 per cent in the year-ago period and 69.36% in the December quarter.

Assets under management rose 5 per cent y-on-y to ₹57.3 lakh crore, while the value of new business surged 42 per cent to Rs 14,179 crore during the quarter, indicating improved profitability in fresh business generation.

The insurer has been working on improving margins and increasing its share of non-participating products to enhance earnings quality.

In FY26, LIC has registered the highest-ever profit of ₹57,453 crore (₹48,320 crore) and premium income of ₹5,37,604 crore (₹4,89,775 crore).

R Doraiswamy, CEO & MD, LIC said the strategy of channel diversification has been successful with our Banca and Alternate Channels having recorded a growth rate of over 45 per cent with premium from BAC exceeding ₹5,000 crores in FY26.

“With regulatory guidance, we are preparing to implement the Indian Accounting Standards norms and are confident about implementing within allowed regulatory time frames,” he said.

On emerging competition from foreign players, he said new players are bound to enter in a vibrant market like India and being a market leader LIC will attempt to protect its market share, but every policy being added by the new player will eat into the market share of existing players.

As the insurance company navigates the markets, as the leading life insurance company, LIC remain immensely grateful to almost 200 million policyholders for their continued trust spanning seven decades, he said.

Published on May 21, 2026