LIC

LIC Posts 23% Profit Growth in Q4, Announces Dividend

News Desk6 hours ago6 hours ago03 mins

Life Insurance Corporation of India (LIC) reported a robust 23% year-on-year increase in net profit, reaching ₹23,420 crore for the quarter ending March 2024. The state-owned insurance giant also announced a final dividend of ₹10 per share, reflecting strong fiscal health and a commitment to shareholder returns following the close of the financial year. Context…

LIC Posts 23% Profit Growth in Q4, Announces Dividend

News Desk6 hours ago6 hours ago02 mins

Life Insurance Corporation of India (LIC) reported a significant 23% year-on-year increase in net profit, reaching Rs 23,467 crore for the fourth quarter ending March 2024. The state-owned insurance giant announced this surge in profitability alongside a final dividend declaration of Rs 10 per share, signaling a robust financial performance for the final quarter of…