Insurance LIC books profit of over Rs.9500 crore in April-June 2023

LIC books profit of over Rs.9500 crore in April-June 2023

Majority of profits has come due to availability of solvency margin.

Team Cafemutual Aug 17, 2023

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India’s largest insurer, LIC India has posted net profit of Rs.9500 crore in April-June 2023. Majority of this profit was due to availability of solvency margin, said the company statement.

Overall, the company sold over 32 lakh policies during April-June 2023 collecting premium of Rs. 98,363 crore as on June 2023.

Currently, LIC manages AUM of over Rs. 46 lakh crore as on June 2023.

In another development, LIC has appointed R Doraiswamy as the new MD.

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2 Comments

Sham Kumar Saini · 1 year ago `

As an Esteemed Customers of LIC, I am looking forward for distribution and adding up of these Profits in enhancing better returns on my policies.

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