Try GOLD - Free
LIC reports robust financial performance for FY 2024-25: PAT surges 18.38 pc to Rs 48,151 Cr
State Times
|May 30, 2025
The Board of Directors of Life Insurance Corporation of India ("LIC") approved and adopted the standalone and consolidated financial results for the year ending March 31st, 2025. Below are the key highlights of our standalone results.
The Profit after Tax (PAT) for the year ended March 31st 2025 was Rs. 48,151 crore as compared to Rs. 40,676 crore for the year ended March 31st 2024, thereby registering an increase of 18.38%.
The Board of Directors have recommended a final dividend of Rs. 12 per share for the financial year 2024-25 subject to approval of shareholders.
In terms of market share measured by First Year Premium Income (FYPD) (as per IRDAI), LIC continues to be the market leader by market share in Indian life insurance business with overall market share of 57.05%. For the year ended March 31st 2025, LIC had a market share of 37.46% in Individual business and 71.19% in the Group business.
The Total Premium Income for year ended March 31st 2025 was Rs. 4,88,148 crore as compared to Rs. 4,75,070 crore for the year ended March 31st 2024. The Total Individual Business Premium for the year ended March 31st 2025 increased to Rs. 3,19,036 crore from Rs. 3,03,768 crore for the comparable period of previous year.
The Group Business total premium income for year ended March 31st 2025 was Rs. 1,69,112 crore as compared to Rs 1,71,302 crore for the year ended March 31st 2024.
A total of 1,77,82,975 policies were sold in the individual segment during the year ended March 31st, 2025 as compared to 2,03,92,973 policies sold during the year ended March 31st, 2024.
This story is from the May 30, 2025 edition of State Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM State Times
State Times
Security reviewed at Mata Vaishno Devi Shrine
Authorities on Tuesday conducted a comprehensive security review at the Mata Vaishno Devi shrine in Jammu and Kashmir's Reasi district and directed for maintaining a high level of alertness for smooth pilgrimage, police said.
1 min
April 08, 2026
State Times
ACB arrests two PWD Officials for accepting bribe
Jammu & Kashmir Anti-Corruption Bureau (ACB) arrested two officials of PWD (R&B) Mechanical Division, North Kashmir, Baramulla red-handed for demanding and accepting illegal gratification.
1 min
April 08, 2026
State Times
Modern court infrastructure essential for efficient justice delivery: CM
JAMMU: Chief Minister Omar Abdullah on Tuesday chaired a high-level review meeting to assess the progress on the construction of the new High Court complexes for the Jammu & Kashmir and Ladakh High Court at Srinagar and Jammu wings, underscoring the need for expeditious execution of the prestigious judicial infrastructure projects.
1 min
April 08, 2026
State Times
Police bust interstate LeT racket, Pak terrorist on run for 16 years among 5 arrested
Police in Jammu and Kashmir has busted a “deep-rooted” interstate Lashkar-e-Taiba (LeT) module and arrested five people, including a Pakistani terrorist who had been on the run for 16 years and successfully established bases outside the Union Territory, officials said on Tuesday.
1 min
April 08, 2026
State Times
Rains trigger cold wave conditions in Jammu, temp dips 7.2 deg C below normal
Heavy rains lashed the Jammu region on Tuesday, triggering cold wavelike conditions with day temperatures plunging up to 7.2 degrees Celsius below normal, while landslides forced the closure of the strategic Jammu-Srinagar National Highway in Ramban district.
1 min
April 08, 2026
State Times
CAG flags staff shortage, irregularities in appointments in JU
The Comptroller and Auditor General (CAG) flagged serious lapses in human resource management at the University of Jammu, highlighting irregular appointments, staff shortages and lack of transparent recruitment policies.
1 min
April 08, 2026
State Times
'Parivartan' inevitable; infiltrators will be sent back: Shah
Union Home Minister Amit Shah on Tuesday asserted that a \"parivartan” (change) is inevitable in West Bengal and claimed that once the BJP comes to power in the eastern state, infiltrators would be sent back to their countries.
1 mins
April 08, 2026
State Times
Trump warns ‘whole civilization will die tonight’ if deal with Iran isn't reached
Iranian officials on Tuesday urged young people to form human chains to protect power plants, as US President Donald Trump warned that a \"whole civilization will die tonight\" if Tehran does not meet his latest deadline for the Islamie Republic to agree to a deal that includes reopening the crucial Strait of Hormuz.
1 min
April 08, 2026
State Times
Iran rejects latest ceasefire proposal as Trump's deadline approaches
Trump says 155 aircraft, 200 personnel evacuated US pilot from Iran
1 min
April 07, 2026
State Times
State does not hold public resources as 'private proprietor' but as trustee on behalf of people: SC
The State does not hold public resources as a \"private proprietor\" but as a trustee on behalf of the people, the Supreme Court said on Monday.
1 min
April 07, 2026
Listen
Translate
Change font size