Life Insurance Corporation of India (LIC) has reported a strong start to FY26 with its profit after tax rising 5.02% year-on-year to Rs. 10,986 crore for the quarter ended June 30, 2025. The insurer also saw its Assets Under Management (AUM) jump by 6.47% to Rs. 57,05,341 crore, while its Value of New Business (VNB) surged by 20.75% to Rs. 1,944 crore.
- Profit After Tax up by 5.02% to Rs. 10,986 crore.
- Total Premium Income up by 4.77% to Rs. 1,19,200 crore.
- Individual Business Premium rose 6.37% to Rs. 71,474 crore.
- VNB Margin improved by 150 bps to 15.4%.
- Solvency Ratio increased to 2.17 from 1.99.
- Overall Expense Ratio reduced by 140 bps to 10.47%.
Market leadership maintained
LIC retained its position as the market leader in Indian life insurance with an overall First Year Premium Income (FYPI) market share of 63.51%. The corporation commanded a 38.76% share in individual business and 76.54% in group business for the quarter.
Mobile-friendly financial snapshot
| Sr. No. | Particulars | Q1FY25 (Rs. crore) | Q1FY26 (Rs. crore) | YoY Growth (%) |
|---|---|---|---|---|
| 1 | Profit after Tax (PAT) | 10,461 | 10,986 | 5.02% |
| 2 | New Business Premium Income (Individual) | 11,892 | 12,536 | 5.42% |
| 3 | Renewal Premium (Individual) | 55,300 | 58,938 | 6.58% |
| 4 | Total Premium (Individual) | 67,192 | 71,474 | 6.37% |
| 5 | Total Group Business Premium | 46,578 | 47,726 | 2.46% |
| 6 | Total Premium Income | 1,13,770 | 1,19,200 | 4.77% |
| 7 | Number of Policies sold (Individual) | 35,65,519 | 30,39,709 | (14.75%) |
| 8 | Value of New Business (Net) | 1,610 | 1,944 | 20.75% |
| 9 | Assets Under Management | 53,58,781 | 57,05,341 | 6.47% |
| 10 | VNB Margin (Net) | 13.9% | 15.4% | +150 bps |
| 11 | Overall Expense Ratio | 11.87% | 10.47% | -140 bps |
| 12 | Solvency Ratio | 1.99 | 2.17 | – |
CEO speaks
Shri R Doraiswamy, CEO & MD of LIC, highlighted the corporation’s strategy to boost non-par product share, improve VNB margins, and diversify distribution channels. Over 1.99 lakh women have been appointed as Bima Sakhis, selling more than 3.26 lakh policies in Q1FY26.
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