New Delhi: Life Insurance Corporation of India (LIC) on Thursday reported a 10 per cent rise in its net profit. Net Profit This will increase to Rs 10,461 crore in the June 2024 quarter. The state-owned life insurance giant had posted a net profit of Rs 9,544 crore in the same period a year ago.
complete Income rose to Rs 2,10,910 crore in the latest period June Quarter LIC said in a regulatory filing that its net income stood at Rs 1,88,749 crore in the same quarter a year ago.
During the quarter under review, the first year premium It said that during this period the net profit increased to Rs 7,470 crore, which was Rs 6,811 crore in the same quarter a year ago.
The insurance company earned Rs 56,429 crore from this. Renewal Premium Whereas a year ago it was Rs 53,638 crore.
net income from Investment Net profit rose to Rs 96,183 crore during the quarter, as against Rs 90,309 crore in the April-June period of the previous fiscal.
Solvency Margin LIC's interest rate increased to 1.99% compared to 1.89% in the same quarter a year ago.
complete Income rose to Rs 2,10,910 crore in the latest period June Quarter LIC said in a regulatory filing that its net income stood at Rs 1,88,749 crore in the same quarter a year ago.
During the quarter under review, the first year premium It said that during this period the net profit increased to Rs 7,470 crore, which was Rs 6,811 crore in the same quarter a year ago.
The insurance company earned Rs 56,429 crore from this. Renewal Premium Whereas a year ago it was Rs 53,638 crore.
net income from Investment Net profit rose to Rs 96,183 crore during the quarter, as against Rs 90,309 crore in the April-June period of the previous fiscal.
Solvency Margin LIC's interest rate increased to 1.99% compared to 1.89% in the same quarter a year ago.