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LIC Q1 profit rises 10 pc to Rs 10,461 cr; company mulls buying majority stakes in health insurer

Indian-GRAPEVINE-lic-q1-profit-rises-10-pc-to-rs-10461-cr-company-mulls-buying-majority-stakes-in-health-insurer

Published 15 Aug, 2024

By Staff Reporter

 

Life Insurance Corporation of India (LIC) on Thursday reported a 10 per cent rise in its net profit to Rs 10,461 crore in the June 2024 quarter.

The state-owned life insurance behemoth had a net profit of Rs 9,544 crore in the year-ago period.

The total income increased to Rs 2,10,910 crore during the latest June quarter as against Rs 1,88,749 crore in the year-ago period, LIC said in a regulatory filing.



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