Life Insurance Corporation of India posted a 5.02 per cent PAT growth in the first quarter of FY26. The public sector company reported a PAT of Rs 10,986 crore in Q1 FY26. Last year, the company’s PAT stood at Rs 10,461 crore in Q1 FY25.
LIC’s total premium income grew by 4.77 per cent YoY to Rs 1,19,200 crore in Q1 FY26. In the corresponding quarter of the previous fiscal year, the company’s total premium income stood at Rs 1,13,770 crore.
LIC’s Value of New Business (VNB) for Q1 FY26 stood at Rs 1,944 crore as compared to Rs 1,610 crore for Q1FY25, registering a growth of 20.75 per cent.
LIC sold a total of 30,39,709 policies in the individual segment during Q1 FY26, as compared to 35,65,519 policies sold during the quarter Q1FY25, registering a decline of 14.75 per cent YoY.
The Life Insurance Corporation’s Assets Under Management (AUM) increased to Rs. 57,05,341 crore in Q1 FY26, as compared to Rs. 53,58,781 crore in Q1 FY25, growing 6.47% year on year.
R Doraiswamy, CEO and MD of Life Insurance Corporation, said, “We look forward to working with the regulatory authorities and various State and District Level Insurance Committees to further increase life insurance penetration in our country”
He added that the company is focused on launching new products to meet customer needs and further enhancing its customer outreach