Life Insurance Corporation Of India

Chander will serve as CIO until his superannuation, which is scheduled for 30 September 2027. With this appointment, he becomes one of LIC's key managerial personnel. Chander joined LIC in 1990 as an assistant administrative officer after completing his post graduation diploma in financial management. He is also a fellow of the Insurance Institute of India. According to LIC, Chander has an experience of working as senior divisional manager of Nagpur and Hyderabad divisions. He has also worked as regional manager (marketing), South Zone and as regional manager (pension & group schemes), South Central Zone. Previously, Chander led LIC's strategic business unit ' international operations as executive director. He currently heads investment ' front office of the company. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. The company reported 38.15% jump in standalone net profit to Rs 19,012.79 crore while total income fell 3.53% to Rs 243,386.15 crore in Q4 March 2025 over Q4 March 2024. The scrip rose 0.13% to Rs 957.75 on the BSE. Powered by Capital Market - Live

Life Insurance Corporation of India announced that Tablesh Pandey, Managing Director of the Life Insurance Corporation of India ('the Corporation'), will be superannuating w.e.f., 31 May 2025. Powered by Capital Market - Live

Life Insurance Corporation of India announced that the 4th Annual General Meeting(AGM) of the company will be held on 26 August 2025.Powered by Capital Market - Live

Profit before tax (PBT) surged 42.19% YoY to Rs 22,399.07 crore during the quarter, powered by a sharp drop in employee-related expenses, which offset the fall in premium collections. Employee costs fell 56.88% YoY to Rs 5,928.48 crore in Q4 FY25, largely due to a normalization in salary expenses after the one-off impact of a wage revision in the same quarter last year. LIC revises wages for its employees every five years. Net premium income came in at Rs 1,47,585.56 crore, down 3.09% YoY but up 38.07% from the previous quarter. Policy sales took a hit as new IRDAI rules on surrender values, effective from 1 October 2024, impacted buyer sentiment. The updated guidelines now allow policyholders to receive higher payouts if they exit their policies early, even after just one premium payment. In case of early termination, the payout includes a portion of the earnings and savings, making early surrender more attractive. LIC's Profit after Tax (PAT) for the year ended March 31st 2025 was Rs 48,151 crore as compared to Rs 40,676 crore for the year ended March 31st 2024, thereby registering an increase of 18.38%. The total premium income for the year ended March 31st, 2025, was Rs 4,88,148 crore, up 2.75% compared to Rs 4,75,070 crore for the year ended March 31st, 2024. The total individual business premium for the year ended March 31st, 2025, increased 5.04% to Rs 3,19,036 crore from Rs 3,03,768 crore in the same period of the previous year. A total of 1,77,82,975 policies were sold in the individual segment during the year ended March 31st, 2025 as compared to 2,03,92,973 policies sold during the year ended March 31st, 2024. On an Annualized Premium Equivalent (APE) basis, the total premium was Rs 56,828 crore for the year ended March 31st 2025. The Value of New Business (VNB) for the year ended March 31st, 2025 was Rs 10,011 crore as compared to Rs 9,583 crore for the year ended March 31st, 2024, registering a growth of 4.47%. The net VNB margin for the year ended March 31st, 2025 increased by 80 bps to 17.6% as compared to 16.8% for the year ended March 31st, 2024. The Solvency Ratio as on March 31st 2025 increased to 2.11 as against 1.98 on March 31st, 2024. For the year ended March 31st 2025, the persistency ratios on premium basis for the 13th month and 61st month were 74.84% and 63.12% respectively. The comparable persistency ratios for the corresponding year ended March 31st, 2024 were 77.66% and 60.88% respectively. The Assets Under Management (AUM) increased to Rs. 54,52,297 crore as on March 31st 2025 as compared to Rs. 51,21,887 crore on March 31st, 2024 registering an increase of 6.45% year on year. The Yield on Investments on policyholders funds excluding unrealized gains was 8.65% for the year ended March 31st, 2025 as against 8.93% for year ended March 31st, 2024. LICI's board recommended a final dividend of Rs 12 per share for the financial year 2024-25, subject to approval of shareholders. Siddhartha Mohanty, CEO & M D, LIC said: The year 2024-25 was a very exciting and challenging year for our business. After registering a very strong performance in the first six months, we had to redesign and relaunch products to comply with regulatory changes. However, we are very happy to state that this year, we have achieved many milestones. First, we have achieved Individual New Business Premium of Rs 62,495 crore, in a single year. Second, our Net VNB for the year is Rs 10,011 crore, i.e. over Rs 10,000 crore for the first time. Third, our VNB margin is steadily on the rise, reaching 17.6% as at 31st March 2025. Fourth, our strategy to increase Non Par share is further getting consolidated. This year, Non Par APE share within the individual business has risen to 27.69%. Finally, we are proud to say that we have declared bonus of Rs 56,190.24 crore to policyholders. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Powered by Capital Market - Live

Securities in F&O Ban: RBL Bank shares are banned from F&O trading on 28 May 2025. Upcoming Results: 3M India, Avanti Feeds, Bata India, Birlasoft, Cummins India, Deepak Nitrite, Elgi Equipments, EMS, FDC, Finolex Cables, Granules India, Heidelberg Cement India, Hinduja Global Solutions, Indian Railway Catering And Tourism Corporation, Jindal Worldwide, JSW Holdings, Juniper Hotels, Natco Pharma will declare their results later today. Stocks to Watch: Life Insurance Corporation of India (LIC) reported 38.1% jump in consolidated net profit to Rs 19,038.67 crore, despite a 3.6% decline in total income to Rs 2,44,088.33 crore in Q4 FY25 over Q4 FY24. JK Lakshmi Cement's consolidated net profit jumped 13.9% to Rs 183.54 crore on 6.6% increase in net sales to Rs 1,897.62 crore in Q4 FY25 over Q4 FY24. Bharat Dynamics reported 5.5% decline in consolidated net profit to Rs 272.77 crore in Q4 FY25 as compared with Rs 288.78 crore in Q4 FY24. Net sales surged 112.2% YoY to Rs 1,800.55 crore in Q4 FY25. NMDC's consolidated net profit increased 4.6% to Rs 1,477.68 crore on 7.9% rise in net sales to Rs 7,004.59 crore in Q4 FY25 over Q4 FY24. DCX Systems reported a 37.2% decline in consolidated net profit to Rs 20.70 crore on 26.3% fall in net sales to Rs 549.96 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

Net profit of Life Insurance Corporation of India rose 38.15% to Rs 19038.67 crore in the quarter ended March 2025 as against Rs 13781.59 crore during the previous quarter ended March 2024. Sales declined 3.33% to Rs 147917.19 crore in the quarter ended March 2025 as against Rs 153018.97 crore during the previous quarter ended March 2024. For the full year,net profit rose 18.10% to Rs 48320.33 crore in the year ended March 2025 as against Rs 40915.85 crore during the previous year ended March 2024. Sales rose 2.57% to Rs 489775.39 crore in the year ended March 2025 as against Rs 477521.05 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales147917.19153018.97 -3 489775.39477521.05 3 OPM %13.560.16 -9.765.87 - PBDT21009.5914500.43 45 51378.6342879.90 20 PBT21009.5914500.43 45 51378.6342879.90 20 NP19038.6713781.59 38 48320.3340915.85 18 Powered by Capital Market - Live

Life Insurance Corporation of India announced that the Board of Directors of the Company at its meeting held on 27 May 2025, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Life Insurance Corporation of India will hold a meeting of the Board of Directors of the Company on 27 May 2025.Powered by Capital Market - Live

Shatmanyu Shrivastava is a fellow member of the Institute of Chartered Accountants of India (passed in 1989). He is also a fellow of the Insurance Institute of India (passed in 2000). Shrivastava is pursuing actuarial studies and has passed 7 papers of the actuarial examination conducted by the Institute of Actuaries of India. Shatmanyu joined LIC of India as a direct recruit officer in the 18th batch in 1990. In a career spanning over three decades, he has gained wide exposure by working across all departments of the corporation. He has worked in all four tiers of the organizational structure: branch offices, divisional offices, zonal offices, and central office. This wide exposure has enabled him to understand the intricacies of the workings of all departments/offices and their interdependencies. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. Life Insurance Corporation of India (LIC) reported a 17.1% jump in standalone net profit to Rs 11,056.47 crore in Q3 FY25 as compared with Rs 9,444.42 crore in Q3 FY24. Net premium fell 8.7% to Rs 1,06,891.48 crore in Q3 FY25 as compared with Rs 1,17,016.93 crore in Q3 FY24. Powered by Capital Market - Live

Net premium fell 8.7% to Rs 1,06,891.48 crore in Q3 FY25 as compared with Rs 1,17,016.93 crore in Q3 FY24. Profit before tax (PBT) increased 17.8% YoY to Rs 12,751.25 crore during the quarter. On nine months basis, the company's standalone net profit increased 7.9% to Rs 29,138.38 crore in Q3 FY25 as compared with Rs 26,913.14 crore in 9M FY24. Net premium increased 5.51% YoY to Rs 3,40,562.61 crore in 9M FY25. On an annualized premium equivalent (APE) basis, the total premium was Rs 37,975 crore for the nine months period ended December 31st, 2024. Of this 64.81% (Rs 24,612 crore) was accounted for by the Individual Business and 35.19% (Rs 13,363 crore) by the Group Business. The value of new business (VNB) for the nine months period ended December 31st, 2024 was Rs 6,477 crore as compared to Rs 5,938 crore for the nine months period ended December 31st, 2023, registering a growth of 9.08%. The assets under management (AUM) increased to Rs 54,77,651 crore as on 31st December 2024 as compared to Rs 49,66,371 crore on 31st December 2023 registering an increase of 10.29% year on year. State'run life insurer sold 1,17,10,505 policies during the nine months period ended 31st December 2024, registering the de-growth of 6.73% as compared to 1,25,56,046 policies sold during the nine months period ended 31st December 2023. For the nine months period ended December 31st, 2024, the persistency ratios on premium basis for the 13th month and 61st month were 76.66% and 61.84%, respectively. The comparable persistency ratios for the corresponding period ended December 31st, 2023 were 78% and 62.40%, respectively For the nine months period ended December 31st, 2024, the persistency ratios on number of policies basis for the 13th month and 61st month were 66.47% and 49.22%, respectively. The comparable persistency ratios for the corresponding period ended December 31st , 2023 were 67.22% and 50.23%, respectively. The solvency ratio as on December 31st, 2024 increased to 2.02 as against 1.93 on December 31st, 2023. The overall expense ratio for the nine months period ended December 31st, 2024 decreased by 231 bps to 12.97% as compared to 15.28% for the nine months period ended December 31st 2023. In terms of market share measured by first year premium income (FYPI) (as per IRDAI), LIC continues to be the market leader in Indian life insurance business with overall market share of 57.42% for nine months ended December 31st 2024 as compared to 58.90% for nine months ended December 31st 2023. Siddhartha Mohanty, CEO & MD, LIC said, 'Our focus and strategy remains consistent towards changing our product and channel mix to serve the needs of our customers, in a dynamic environment. For the nine months period ended December 31st 2024, the Non Par share within the individual business increased to 27.68%, on an APE basis, as compared to 14.04% for the same period last year.Further, the VNB margin has also improved to 17.1% for the nine months period ended December 31st 2024, as compared to 16.6% for the same period last year. LIC's Bima Sakhi Yojana, for empowerment of women by offering them career in insurance sales as an agent, was launched by Hon'ble Prime Minister on 9th December 2024. Till date more than 1.25 lakh women have been registered and more than 70,000 have been appointed as Bima Sakhis. In coming months, the outcomes of our digital transformation initiatives will be visible. We remain thankful to all our stakeholders for their support as we adapt, reimagine and realign our business to a fast changing industry scenario.' Meanwhile, the company's executive committee has renewed the term of Sunil Agrawal as the chief financial officer (CFO) for one year, i.e., upto 1 March 2026. LIC has been providing life insurance in India for more than 65 years and is the largest life insurer in the country. The scrip declined 1.56% to end at Rs 815.95 on Friday, 8 February 2025.Powered by Capital Market - Live