Photo credit: Manvender Vashist Lav
It reported a net profit of ₹10,053 crore in the second quarter, while net premium income rose 5.5 per cent to ₹1.26 lakh crore.
The reduction in Goods and Services Tax (GST) on insurance policies will lead to more demand, CEO and MD R Doraiswamy said during an earnings call.
Responding to questions on the impact of the abolition of input tax, Doraiswamy said he did not expect any significant impact in the quarter under review, although the company was closely monitoring the impact in subsequent quarters.
The insurer’s total assets under management rose slightly over 3 per cent to ₹57.2 lakh crore.
Solvency ratio up
It also reported an increase in its capital adequacy ratio to 2.13 percent from 1.98 percent a year ago.
Value of new business, which measures expected profit from new business, rose 12.3 per cent to ₹5,111 crore, while VNB margin rose 140 basis points to 17.6 per cent.
At the end of the half year, LIC’s market share was down at 59.4 percent from 61 percent in the year-ago period.
Published on November 6, 2025
#LIC #expects #strong #demand #insurance #year