Life Insurance Corporation of India posted a 31.92 per cent YoY profit growth in the second quarter of FY26. The public sector company’s standalone profit after tax (PAT) grew to Rs 10,053 crore in Q2 FY26, compared to a PAT of Rs 7,620 crore in Q2 FY25.
Furthermore, LIC’s Net Premium Income increased by 5.4 per cent YoY in the quarter. The insurer’s Net Premium Income stood at Rs 1,26,479 crore in Q2 FY26, while the same was Rs 1,19,900 crore in the corresponding quarter of the previous fiscal.
R Doraiswamy, CEO & MD of LIC, said that the company is very optimistic about the positive impact of the GST changes announced for the Insurance Industry by the Government.
“It is our firm belief that these changes are in the best interest of customers and will lead to further accelerated growth of the life insurance industry in India. As LIC, we have ensured that all intended benefits of GST changes are passed onto the customers.” Doraiswamy added.
LIC H1 FY26 business
The company statement noted that LIC’s total premium income for the six months (H1FY26) rose 5.14% year-on-year to Rs 2,45,680 crore. Individual business premium increased to Rs 1,50,715 crore, while group business premium rose to Rs 94,965 crore.
However, individual new business premiums slipped 3.54% to Rs 28,491 crore from Rs 29,538 crore in the same period last year (H1FY25). Renewal premium in the individual segment grew 6.14% to Rs 1,22,224 crore.