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!

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...

By 0 6

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...

By 0 8

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...

By 0 6

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...

By 0 28

National

Municipal association criticizes reduction in equalization grant

KATHMANDU: President of the Municipal Association of Nepal, Bhim Prasad Dhungana, has expressed...

By 0 30