LIC had an asset base of Rs 56.23 lakh crore as of June , 2025
Mumbai: State owned Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.
The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement.
The dividend cheque was presented to the Finance Minister by LIC CEO and MD R Doraiswamy in the presence of Department of Financial Services Secretary M Nagaraju and Joint Secretary Parshant Kumar Goyal, along with senior officials of the insurance company.
For the fiscal year 2024-25 (FY25), LIC’s net profit was Rs 48,151 crore, an increase of 18.4% from Rs 40,676 crore in the previous fiscal year. This improved profitability was supported by growth in the Value of New Business (VNB), a higher proportion of non-par (non-participating) business, and an improved solvency ratio of 2.11.
LIC had an asset base of Rs 56.23 lakh crore as of June , 2025. It continues to be the market leader in the Indian Life Insurance market, it added.