 "LIC, Life Insurance Corporation")
India's largest insurer Life Insurance Corporation of India on Monday reported 18% decline in standalone net profit at Rs 2,372 crore for the quarter ending March 31, 2022. It reported consolidated net profit of Rs 2,893 crore in Q4FY21.
Its consolidated net premium income rose 18% to Rs 1.44 trillion for Q4FY22 as against Rs 1.22 trillion in the year-ago period.
The Board of Directors of LIC recommended dividend of Rs 1.50 per equity share with face value of Rs 10 each for the year ended March 31, 2022.
On Monday, the company's scrip on BSE closed 1.8% higher at
