Higher premium income and investment gains boosted the public sector life insurer LIC's net income manifold to Rs 6,334.2 crore during the three months ending December 2022 as against Rs 235 crore a year ago.
The Life Insurance Corporation (LIC) on Thursday said it has earned Rs 1,11,787.6 crore in net premium income during the reporting quarter as against Rs 97,620.34 crore in the year-ago period.
Of the total premium income, first-year premium rose to Rs 9,724.7 crore in the reporting quarter up from Rs 8,748.5 crore a year ago. The renewal premium income rose to Rs 60,194.87 crore, up from Rs 56,822.5 crore, and the single premium income jumped to Rs 42,117 crore, up from Rs 32,190 crore a year ago.
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