NEW DELHI: Life Insurance coverage Company of India (LIC) on Thursday reported a ten% rise in its web revenue to Rs 10,461 crore within the June 2024 quarter. The state-owned life insurance coverage behemoth had a web revenue of Rs 9,544 crore within the year-ago interval.
The full revenue elevated to Rs 2,10,910 crore through the newest June quarter as in opposition to Rs 1,88,749 crore within the year-ago interval, LIC mentioned in a regulatory submitting.
Throughout the quarter beneath evaluate, the first-year premium rose to Rs 7,470 crore as in opposition to Rs 6,811 crore within the year-ago interval, it mentioned.
The insurer earned Rs 56,429 crore from renewal premiums as in opposition to Rs 53,638 crore a 12 months in the past.
Internet revenue from investments through the quarter rose to Rs 96,183 crore as in comparison with Rs 90,309 crore within the April-June interval of earlier fiscal.
Solvency margin of LIC elevated to 1.99 per cent as in comparison with 1.89% in the identical quarter a 12 months in the past.
The full revenue elevated to Rs 2,10,910 crore through the newest June quarter as in opposition to Rs 1,88,749 crore within the year-ago interval, LIC mentioned in a regulatory submitting.
Throughout the quarter beneath evaluate, the first-year premium rose to Rs 7,470 crore as in opposition to Rs 6,811 crore within the year-ago interval, it mentioned.
The insurer earned Rs 56,429 crore from renewal premiums as in opposition to Rs 53,638 crore a 12 months in the past.
Internet revenue from investments through the quarter rose to Rs 96,183 crore as in comparison with Rs 90,309 crore within the April-June interval of earlier fiscal.
Solvency margin of LIC elevated to 1.99 per cent as in comparison with 1.89% in the identical quarter a 12 months in the past.
