LIC Q4 profit soars 38% to Rs 19,013 crore; stake acquisition in...

LIC Q4 profit soars 38% to Rs 19,013 crore; stake acquisition in health insurer to be decided in 2-3 months

Posted

Life Insurance Corporation of India announced a significant profit increase. The net profit rose by 38% in the fourth quarter. This is due to reduced management expenses. Renewal premiums increased, offsetting a slight dip in first-year premiums. LIC plans to acquire a stake in a health insurer. The board recommended a dividend of Rupees 12 per share.

Read Full Article

Please log in to like, share and comment!

National

Experts discuss poultry business in Chitwan

CHITWAN: Experts from Nepal and India have discussed the issues of sustainable development and...

Von 0 1

Business

India to remain fastest-growing large economy for next three decades: Piyush Goyal

Piyush Goyal affirmed India's position as the world's fastest-growing large economy for the next...

Von 0 7

Business

India leads global steel growth as other economies stagnate: Jefferies

India stands out as the only major economy with consistent steel production growth between 2019...

Von 0 9

Business

Fintech projected to grow with focus on product expansion, risk control, inclusion

India's Fintech industry is experiencing substantial growth, particularly in small-ticket...

Von 0 7

International

Puerto Rico's governor pledges to improve the island's crumbling power grid and economy

Puerto Rico's Governor Jenniffer Gonzalez Colon addressed the island. She promised to fix the...

Von 0 29