LIC Reports Significant Profit Growth Amid Strategic Developments

Life Insurance Corporation of India (LIC) recorded a 17% increase in net profit, reporting Rs 12,958 crore for Q3 2025, backed by growth in new business and investments. Strategic initiatives include stake reduction, potential health insurance foray, and channel diversification, enhancing its market leadership and product portfolio.

India's Life Insurance Corporation (LIC) announced a 17% surge in net profit, achieving Rs 12,958 crore in the third quarter of 2025, driven by vibrant new business and robust investment income.

The insurer also plans to reduce government stake up to 10% in phases, while enhancing its presence in health insurance and channel diversification.

LIC maintains its market dominance with a share of 57.07%, as strategic initiatives boost stakeholder confidence amidst national goals for 2047. Significant efforts include agent expansion through the Bima Sakhi Yojana, targeting rural reach.

(With inputs from agencies.)