Union Minister of Finance and Corporate Affairs Nirmala Sitharaman(centre) receiving a dividend cheque from the senior management of Life Insurance Corporation
LIC is completing 70 years since its incorporation and as at 31.03.2026 has an asset base of ₹ 59.03 Lakh Crore. It continues to be the market leader in the Indian life insurance market
New Delhi:R. Doraiswamy, CEO & MD, Life Insurance Corporation (LIC) of India, today presented the Dividend cheque of ₹ 12,207.25 crore to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, as the Government of India’s share of dividend, approved by the shareholders in the annual general meeting held on 27 th July, 2026.
Sanjay Lohiya, secretary, Department of Financial Services was present along with the officials from Life Insurance Corporation of India, Ratnakar Patnaik, MD, R. Chander, MD and N.S. Raghava, ZM (I/C), Northern Zone.
LIC is completing 70 years since its incorporation and as at 31.03.2026 has an asset base of ₹ 59.03 Lakh Crore. It continues to be the market leader in the Indian life insurance market.