LIC pays ₹7,324 crore dividend to Finance Minister for FY25; check details

The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement.

The dividend cheque was presented to the Finance Minister by LIC CEO and MD R Doraiswamy in the presence of Department of Financial Services Secretary M Nagaraju and Joint Secretary Parshant Kumar Goyal, along with senior officials of the insurance company.

LIC had an asset base of ₹56.23 lakh crore as of March 31, 2025. It continues to be the market leader in the Indian life insurance market, it added.

On Friday, shares of LIC settled at ₹853.65 apiece on the National Stock Exchange, declining 1.82%.

Life Insurance Corporation had reported a consolidated net profit of ₹10,985 crore for the April-June quarter of the current fiscal year (Q1 FY26), up 4.11% from ₹10,551 crore posted in the year-ago period. On a standalone basis, LIC's net profit jumped 5% YoY to ₹10,986.51 crore in Q1 FY26 from ₹10,461.05 crore in Q1 FY25.

The company's net premium income jumped 4.71% year-on-year (YoY) to ₹1.2 lakh crore during the reporting quarter, rising from ₹1.14 lakh crore in Q1 FY25.

LIC's non-par APE (annualised premium equivalent) share within the individual business was at 30.34% during the reporting quarter against 23.94% in the year-ago quarter.

Its individual business non-par APE jumped 32.6% to ₹2,142 crore, while the group business APE increased by 16.1% YoY to ₹5,590 crore. Its overall APE increased by 9.4% to ₹12,652 crore. Further, its net value of new business (VNB) grew by 20.7% YoY to ₹1,944 crore.

LIC's assets under management (AUM) during the June quarter increased by 6.4% YoY to ₹57.05 lakh crore.

The company continues to be the market leader in the Indian life insurance business, in terms of market share measured by first-year premium income (FYPI), with an overall market share of 63.51%.