LIC reported a total premium income of INR 2,45,680 Cr in H1 FY26, a 5.14% increase YoY. The Indian Embedded Value (IEV) reached INR 8,13,230 Cr. Focus remains on digital transformation, enhancing non-par product share, and maximizing investment yields. LIC’s extensive distribution network includes 14.871 lacs agents and 39,622 premium points. The company’s ESG initiatives continue to support communities and sustainable development.
Financial Performance Highlights
In the first half of FY26, LIC demonstrated steady financial performance:
- Total Premium Income: Increased by 5.14% YoY, reaching INR 2,45,680 Cr.
- Individual New Business Premium: INR 28,491 Cr.
- Total Group Business Premium: INR 94,965 Cr, showing a 6.73% growth.
- Renewal Premium (Individual): Recorded at INR 1,22,224 Cr, a 6.14% increase.
Key Financial Ratios
LIC’s financial ratios reflect its stability and efficiency:
- Claim Settlement Ratio (Death): Stood at 97.25%.
- Solvency: Maintained at 2.13.
- Yield on Investment (Policyholders Fund): Reported at 8.90%.
- Overall Expense Ratio: 11.28%.
Embedded Value
The Indian Embedded Value (IEV) reached INR 8,13,230 Cr, reflecting a consistent growth trajectory. This includes:
- Adjusted Net Worth (ANW): INR 1,35,695 Cr.
- Value of In-Force (VIF) Business: INR 6,77,535 Cr.
Distribution Network
LIC boasts a vast distribution network across India:
- Agents: 14.871 lacs, exclusive to LIC.
- Premium Points: 39,622, including 2,711 MICRO Insurance Premium Points.
- Branch and Satellite Offices: 3,636.
Business Strategy
Key focus areas for LIC include:
- Digital transformation.
- Enhancing the share of Non-Par products.
- Maximizing investment yield while managing risk.
- Agency transformation project.
ESG Initiatives
LIC is committed to Environmental, Social, and Governance (ESG) initiatives, supporting communities and sustainable development through various projects and contributions.
Source: BSE
