New Delhi, 6 November (IANS). The standalone profit of Life Insurance Corporation (LIC), the country’s largest government insurance company, has increased by 32 percent year-on-year to Rs 10,053.39 crore in the second quarter of FY 26. This figure was Rs 7,620.86 crore in the same period last year.
LIC’s net premium income rose 5.5 per cent year-on-year to Rs 1.26 lakh crore during the July-September period from Rs 1.2 lakh crore in the same period last year, while the solvency ratio increased to 2.13 per cent from 1.98 per cent in the year-ago period.
The asset quality of policyholders’ funds also improved during the quarter, leading to NPA decline from 6.17 per cent in Q2FY25 to 3.94 per cent.
LIC’s net profit in H1FY26 stood at Rs 21,040 crore, which is 16.36 per cent higher than the same period last fiscal.
Total premium income in H1FY26 grew 5.14 per cent year-on-year to Rs 2,45,680 crore, LIC said in a statement. Individual business premium increased to Rs 1,50,715 crore, while group business premium increased to Rs 94,965 crore.
In the individual segment, the company’s renewal premium increased by 6.14 percent to Rs 1,22,224 crore.
LIC CEO and MD R. Doraiswamy said the company is extremely optimistic about the positive impact of the GST reforms announced by the government on the insurance industry.
Doraiswami further said, “We believe that these changes are in the best interest of customers and will further accelerate the growth of the life insurance industry in India. As LIC, we have ensured that all the expected benefits of the GST reforms reach customers.”
According to the Brand Finance Insurance 100 2025 report, LILI is ranked third among the world’s strongest insurance brands, achieving a Brand Strength Index (BSI) score of 88 out of 100.
Poland-based PZU took the top spot with a BSI score of 94.4, followed by China Life Insurance, which came in second with a BSI score of 93.5.
–IANS
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