LIC Q2 profit rises 20% to ₹12,115 crore as VNB margin and net premium expand
Summary
- LIC reported a 20% rise in Q2 profit, amounting to ₹12,115 crore.
- The increase is attributed to higher VNB (Value of New Business) margins and a rise in net premiums.
- Growth was driven mainly by non‑participating savings products and term assurance, which carry higher margins.
- LIC expects further improvement in VNB margins owing to a favourable product mix and continued focus on high‑margin segments.
Key Facts
- · Q2 profit: ₹12,115 crore
- · Profit growth: 20% YoY
- · VNB margin improvement noted
- · Net premium collection increased
- · Non‑participating savings and term assurance drove growth
- · LIC projects further rise in VNB margins
Why it matters
LIC is the world’s largest insurer and a key source of fiscal revenue for the government; rising profitability and better VNB margins indicate a healthier insurance sector, enhanced capacity for risk coverage, and potential for greater contributions to the nation’s savings and investment pool.
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