R Doraiswamy, CEO & MD, LIC
R Doraiswamy, CEO & MD, LIC said,““The consumers and the companies in the life insurance industry have responded positively to the various initiatives of the government, especially to GST 2.0. At LIC, we have further increased our performance by achieving higher and better parameters on volume growth as well as product and channel diversification.”
VNB margin has also improved to 18.8% for the nine months period ended December 31st 2025, as compared to 17.1% for the same period last year.
Mumbai:State-ownwd Life Insurance Corporation of India (LIC) on Thursday reported a net profit at Rs 12,930 crore, up by 17% YoY in Q3fy25. in compared to Rs 11,008 crore reported in the year-ago period.
The life insurer’s net premium income stood at Rs 1.26 lakh crore in Q3FY26, up 17% over Rs 1.07 lakh crore.
The Value of New Business (VNB) for the nine months period ended December 31st, 2025 was Rs. 8,288 crore as compared to Rs. 6,477 crore for the nine months period ended December 31st, 2024, registering a growth of 27.96%. The Net VNB margin for the nine months period ended December 31st, 2025 increased by 170 bps to 18.8% as compared to 17.1% for the nine months period ended December 31st, 2024.
R Doraiswamy, CEO & MD, LIC, said,““The consumers and the companies in the life insurance industry have responded positively to the various initiatives of the government, especially to GST 2.0. At LIC, we have further increased our performance by achieving higher and better parameters on volume growth as well as product and channel diversification.”
For the nine-month period ended December 31,2025, LIC’S the Non Par share within the individual business has increased to 36.46% on an APE basis, as compared to 27.68% for the same period last year.
“Further, the VNB margin has also improved to 18.8% for the nine months period ended December 31st 2025, as compared to 17.1% for the same period last year. While we roll out various advanced digital projects, we have also kept a very focused approach on creating a force of women agents through the Bima Sakhi Yojana with the objective of reaching out to more customers in rural India,” said Doraiswamy.
LIC’s assets under management (AUM) increased to Rs. 59,16,680 crore as on December 31st, 2025 as compared to Rs. 54,77,651 crore on December 31st, 2024 registering an increase of 8.01% year on year.
The insurer’s overall expense ratio for the nine months period ended December 31st, 2025 decreased by 132 bps to 11.65% as compared to 12.97% for the nine months period ended December 31st 2024.
The yield on investments on policyholders funds excluding unrealized gains was 8.77% for the nine months period ended December 31st, 2025 as compared with 8.82% for nine months period ended December 31st, 2024.