- The second quarter profit for Life Insurance Corporation (LIC) increased by more than 11 times on Friday.
- It reported a standalone net profit of 15,952 crores for the quarter ending in September, up from 1,433 crores in the same period last year.
- Net premium income for LIC increased by 26.6% on a yearly basis to $1.32 trillion.
- In the June quarter, the insurance reported a net profit of 682.9 crore.
LIC Q2 net profit increases 11-fold to 15952 cr, while net premium income increases by 26%.
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