Life Insurance Corporation (LIC) reported a 4% year-on-year (YoY) decline in its standalone net profit for the second quarter of FY25. The net profit for the quarter ended September 2024 stood at ₹7,621 crore, down from ₹7,925 crore in the same period last year.
Despite the profit dip, LIC saw growth in key financial metrics.
Net premium income for the quarter increased by 11.5% YoY to ₹1.20 lakh crore, compared to ₹1.08 lakh crore in the corresponding period of FY24.
Investment income also showed a strong performance, rising 16% YoY to ₹1.08 lakh crore, up from ₹93,942 crore in Q2 FY2.
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