Mumbai: Life Insurance Corporation of India (LIC) has announced a robust 19.3% increase in its standalone profit after tax, reaching Rs 57,419 crore for the fiscal year 2025-26. This growth was driven by a remarkable 41.6% surge in the value of new business (VNB), reflecting an improved product mix and steady premium growth.
Key Financial Highlights
The insurer's total premium income rose by 9.8% to Rs 5,35,984 crore in FY26, compared to Rs 4,88,148 crore in the previous fiscal year. The growth in premium income was supported by strong performance across both individual and group segments.
Dividend Declaration
The board of directors has recommended a 100% dividend of Rs 10 per share on shares of face value Rs 10 each, subject to shareholder approval. This marks a significant payout to shareholders, reflecting the company's strong financial performance.
Value of New Business (VNB) Growth
The 41.6% jump in VNB underscores LIC's focus on improving profitability through a better product mix, with a higher share of non-participating and protection products. The VNB margin also improved, indicating enhanced efficiency in underwriting and distribution.
Strategic Outlook
LIC continues to strengthen its market position by leveraging its vast agency network and expanding digital channels. The company's focus on customer-centric products and cost optimization is expected to drive sustainable growth in the coming years.
