LIC Q4FY23; 447% Growth in Profits

Life Insurance Corporation of India’s net premium income in Q4FY23 fell 8% to ₹ 1,32,223 crores. Consolidated Profit After Tax came at ₹ 13,191 crores in Q4FY23 showcasing a 447% rise in profits on YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q4Y23.