The corporate’s Board has additionally mounted July 25 because the document date to find out the eligibility of shareholders for the proposed dividend payout. Traders who maintain LIC shares as of the document date can be eligible to obtain the ultimate dividend post-AGM approval.
The dividend announcement follows a robust monetary efficiency by LIC for the 12 months ended March 2025. The corporate posted a revenue after tax of Rs 48,151 crore, marking an 18.38% progress from Rs 40,676 crore in FY24. The whole premium revenue stood at Rs 4,88,148 crore, up from Rs 4,75,070 crore within the earlier 12 months.
LIC, India’s largest life insurer, continues to dominate the market with a 57% market share based mostly on first-year premium revenue (FYPI). For the person insurance coverage phase, its market share stood at 37%, and for group insurance coverage, it was 71%.
The Board additionally introduced that LIC has allotted Rs 56,190 crore as bonuses to policyholders for FY25, additional highlighting its sturdy policyholder engagement. The insurer’s embedded worth rose to Rs 7.76 lakh crore, up 6.81 p.c from final 12 months, whereas belongings beneath administration grew to Rs 54.5 lakh crore, displaying a 6% enhance.
One other notable milestone for LIC this 12 months was incomes a Guinness World Report for the “most life insurance coverage insurance policies bought in 24 hours,” by promoting over 5.88 lakh insurance policies on January 20, 2025.LIC’s VNB (Worth of New Enterprise) elevated to Rs 10,011 crore, whereas its VNB margin improved to 17.6%, displaying energy in profitability. The corporate’s solvency ratio additionally improved to 2.11, indicating a stable monetary cushion.Within the fourth quarter, LIC reported a 38% YoY progress in its web revenue at Rs 19,039 crore versus Rs 13,782 crore within the 12 months in the past interval.
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