Life Insurance Corporation of India (LIC) announced robust financial results for the first half of FY27, ending September 30, 2026. Total premium income surged by 11.64% to ₹274,269 crore. Profit after tax grew by 21.52% to ₹25,568 crore, with Value of New Business (VNB) increasing by 33.95% to ₹6,846 crore. The solvency ratio also improved to 2.35.
LIC Reports Strong Financial Performance in H1 FY27
Life Insurance Corporation of India (LIC) has released its financial results for the first half of the financial year 2026-27, ending September 30, 2026. The company demonstrated significant growth across key financial metrics, underscoring its market leadership and operational efficiency.
Key Financial Highlights:
- Total Premium Income: Increased by 11.64% year-on-year to ₹274,269 crore.
- Profit After Tax: Grew by 21.52% to ₹25,568 crore.
- Value of New Business (VNB): Saw a substantial rise of 33.95%, reaching ₹6,846 crore.
- VNB Margin: Improved by 470 basis points to 22.3%.
- Solvency Ratio: Strengthened to 2.35 as of September 30, 2026, up from 2.13 in the previous year.
Business Performance Overview
The overall market share for the first six months ending September 30, 2026, stood at 58.77%. Within this, individual business accounted for a market share of 37.51%, while group business held 70.45%. Individual new business premium income grew by 14.86% to ₹32,725 crore, and group new business premium income saw a significant increase of 20.63% to ₹111,685 crore.
The annualized premium equivalent (APE) for the period was ₹30,696 crore, with individual business contributing 56.11% and group business 43.89%. Protection business on an APE basis showed exceptional growth of 58.59%.
Digital Initiatives and Product Launches
LIC continues to focus on digital transformation, with its MyLIC app achieving a rating of 4.7 and over 98 million unique logins. The Super Sales Saathi app also performed well with a rating of 4.8. The company has also been active in product innovation, launching several new non-par individual products, including health plans like LIC’s Health Shield and LIC’s New Cancer Cover, along with the deferred annuity product, New Jeevan Dhara-II.
Agent Network and Bancassurance
The company’s agent network remains a critical channel, with 14,52,461 agents as of September 30, 2026. The agency force sold 91.81% of the new business premium. Bancassurance and alternate channels also showed strong growth, collecting ₹2,458 crore in new business premium income, a rise of 21.44% year-on-year.
Source: BSE
