LIC This autumn revenue soars 38% to Rs 19,013 crore; stake acquisition in well being insurer to be determined in 2-3 months – OXBIG NEWS NETWORK-OxBig News Network

Life Insurance Corporation of India (LIC), the nation’s largest insurer, has reported a strong 38% rise in its web revenue to Rs 19,013 crore for the fourth quarter ending March 2025, in comparison with Rs 13,763 crore in the identical interval final yr. The surge in revenue was attributed to a discount in administration bills. However, the insurer’s complete revenue in This autumn noticed a decline, dropping to Rs 2,41,625 crore from Rs 2,50,923 crore within the earlier fiscal quarter, PTI reported.Despite a slowdown in first-year premium revenue, which stood at Rs 11,069 crore (down from Rs 13,810 crore in This autumn FY24), LIC skilled an increase in renewal premiums, which elevated to Rs 79,138 crore from Rs 77,368 crore final yr.LIC’s administration bills additionally witnessed a major discount, falling to Rs 16,495 crore from Rs 24,709 crore in the identical quarter final yr.Siddhartha Mohanty, LIC’s MD & CEO, remarked, “The yr 2024-25 was each thrilling and difficult for our enterprise. After a robust first half, we needed to redesign and relaunch merchandise to adjust to regulatory modifications.”On the topic of potential acquisitions, Mohanty acknowledged that LIC is within the “advanced stage” of discussions concerning buying a stake in a standalone well being insurer. The last proposal is anticipated to be offered to the board within the subsequent 2-3 months.For all the monetary yr ending March 2025, LIC posted a revenue of Rs 48,151 crore, an 18% enhance from Rs 40,676 crore in FY24. The insurer’s complete revenue for the yr climbed to Rs 8,84,148 crore, up from Rs 8,53,707 crore within the earlier fiscal yr.LIC’s board has beneficial a last dividend of Rs 12 per fairness share for FY25, topic to shareholder approval on the upcoming Annual General Meeting (AGM).The firm made vital investments in the course of the yr, with Rs 1.85 lakh crore invested in equities, a 41% development. Additionally, LIC bought Rs 80,000 crore price of company bonds and plans to proceed investments relying on market circumstances.In phrases of market management, LIC maintained a dominant place, with a market share of 57.05% primarily based on First Year Premium Income (FYPI), as per the Insurance Regulatory and Development Authority of India (IRDAI). The firm holds a 37.46% market share in particular person enterprise and 71.19% in group enterprise.LIC’s Assets Under Management (AUM) elevated by 6.45%, reaching Rs 54,52,297 crore as of March 31, 2025, in comparison with Rs 51,21,887 crore the earlier yr. The insurer allotted a complete bonus of Rs 56,190.24 crore to policyholders for FY25, in comparison with Rs 52,955.87 crore in FY24.Additionally, LIC’s Solvency Ratio stood at 2.11, up from 1.98 the earlier yr, reflecting the insurer’s monetary energy. The Value of New Business (VNB) additionally noticed a wholesome development of 4.47%, reaching Rs 10,011 crore in FY25.LIC launched the Bima Sakhi Yojana in December 2024, which has since led to the appointment of 1,48,888 Bima Sakhis who offered over 4.7 lakh insurance policies. Furthermore, the corporate set a Guinness World Record in January 2025 for promoting 5,88,107 insurance policies in simply 24 hours throughout India.