LIC announced its FY25 results with a Profit After Tax (PAT) of ₹48,151 Crore, an increase of 18.38% compared to ₹40,676 Crore in FY24.
The Corporation achieved its highest ever Individual New Business Premium of ₹62,495 Crore.
Total Premium Income stood at ₹4,88,148 Crore, compared to ₹4,75,070 Crore in the previous year.
Individual New Business Premium Income grew by 8.28% year-on-year to ₹62,495 Crore.
Renewal Premium Income (Individual business) increased to ₹2,56,541 Crore from ₹2,46,052 Crore.
Group Business total premium income was ₹1,69,112 Crore, with New Business Premium of ₹1,64,262 Crore.
Market share by First Year Premium Income was 57.05% (as per IRDAI).
Total Annualized Premium Equivalent (APE) was ₹56,828 Crore, with Individual APE at ₹38,218 Crore and Group APE at ₹18,610 Crore.
Non-Par share of Individual APE grew by 50.28% to ₹10,581 Crore.
Net VNB was ₹10,011 Crore, a growth of 4.47%, with VNB margin at 17.6%.
Solvency Ratio improved to 2.11 as of March 31, 2025, from 1.98 in the previous year.
Indian Embedded Value (IEV) increased by 6.81% to ₹7,76,876 Crore.
Assets Under Management (AUM) grew by 6.45% to ₹54,52,297 Crore.
Launched 51 new products post IRDAI regulations effective October 1, 2024.
Sold 1,77,82,975 new policies during the year.
The total number of agents increased to 14,86,851.
Bancassurance and Alternate Channel (BAC) New Business Premium Income grew by 57.96% to ₹3,496.10 Crore.
Overall expense ratio decreased by 315 basis points to 12.42%.
Processed 2,25,18,103 claims, including 2,16,69,980 Maturity and Survival Benefit claims.
Death claims amounted to ₹24,420 Crore, and maturity claims were ₹2,37,313 Crore.
The Bima Sakhi Yojana appointed 1.49 lakh women who sold around 4.71 lakh policies, procuring New Business Premium of ₹604.57 crore.
The Board has recommended a Final Dividend of ₹12 per share.
Management Commentary: "Our performance this year reflects our ability to adapt and thrive in a dynamic market and regulatory environment. As we move forward, we remain committed to delivering value to our stakeholders and creating a better future for our customers."