LIC reports Rs.26,147.52 crore profit in financial years 2017-18

This is an increase of 29 per cent over the previous financial year (2016-17).

As per Life Insurance Corporation of India (LIC), it has realised a profit of Rs.20,269.47 crore and Rs.26,147.52 crore in the financial years 2016-17 and 2017-18 respectively. This is an increase of 29 per cent over the previous financial year (2016-17).

This was stated by Shri Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

(With Inputs from PIB)