GLOBAL NEWSMAKERS

PERFORMANCE for the Year ended March 31st, 2023 (FY 2023)

 • Market leadership with 62.58% market share with 16.67% FYPI growth

• Profit After Tax at Rs. 36,397 crore

• Board recommends dividend of Rs. 3/- Per Share (Previous Year Rs 1.50/- per share)

• Value of New Business (Gross) grows by 16.46% to Rs.11,553 crore

• VNB margin (Net) increased by 110 bps to 16.2%, highest since listing

• Indian Embedded Value (IEV) increases by 7.53% to Rs.5.82 lakh crore

• AUM increased by 7.65% to Rs. 43.97 lakh crore

• 2.04 crore policies sold in the individual segment during FY 23

• 13th mth Persistency on premium basis improves by 150 bps to 77.09% 

The Board of Directors of Life Insurance Corporation of India (“LIC”) approved and adopted the standalone and consolidated financial results for the year ending March 31, 2023. Below are the key highlights of…

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