LIC Q4 profit rises 2% to ₹13,762 cr; govt to get ₹3,662 cr dividend
LIC will give a dividend of ₹3,662 crore to the government, its largest shareholder.
LIC will give a dividend of ₹3,662 crore to the government, its largest shareholder.
The country’s largest life insurer posted 447% growth in consolidated net profit at ₹13,191 crore as compared to ₹2,409 crore in the same quarter of last year.
In the previous quarter, LIC recorded ₹234.9 crore profit as compared to ₹90 lakh profit during the same quarter a year earlier. Its first-year premium was ₹8,748.55 crore.