LIC Q2 Profit Rises 20% to ₹12,115 Crore
Life Insurance Corporation of India, known as LIC, reported a 20% rise in its second-quarter profit, which reached ₹12,115 crore. The company said its VNB margin and net premium both grew. It expects further improvement in VNB margins, helped by a mix of higher-margin products such as non-participating savings and term assurance plans.
Context
Context: LIC is India's largest state-owned life insurer, and VNB (value of new business) is the insurance industry's main measure of how profitable newly sold policies are.
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