Life Insurance Corporation of India (LIC) released its H1 FY26 results, highlighting an increased embedded value, emphasis on digital initiatives, and a strategy focusing on Non-Par products. The Indian Embedded Value (IEV) reached ₹8,13,230 crore. 51.02% of agents reside in rural areas, contributing to inclusive growth. The company highlighted an increase in digital collection and customer service improvements.
Financial Performance Highlights
In the first half of FY26, LIC demonstrated robust financial health and strategic progress. Key highlights include:
- Total Premium Income: Increased to ₹2,45,680 Cr, up by 5.14%.
- Individual New Business Premium: Reached ₹28,491 Cr.
- Renewal Premium (Individual): Stood at ₹1,22,224 Cr, reflecting a 6.14% growth.
- Profit After Tax: Increased to ₹21,040 Cr, a 16.36% rise.
- Assets Under Management: Reached ₹57,22,896 Cr, with a 3.31% increase.
Embedded Value & Persistency
LIC reported an Indian Embedded Value (IEV) of ₹8,13,230 crore as of September 30, 2025. Persistency ratios also saw improvement:
- Total Gross NPA Ratio: Recorded at 1.34%.
- Conservation Ratio: Reached 91.15%.
Distribution & Reach
LIC maintains a strong distribution network with diverse channels:
- Agents: Boasting 14.87 lakh agents.
- Premium Points: 39,622 premium points.
- Rural Presence: 51.02% of agents are based in rural areas.
Digital Initiatives & Customer Service
LIC is focused on enhancing its digital capabilities and customer service:
- Digital Collection: Increasing digital collection across channels.
- LIC Customer App: Shows uptrend in app users.
Strategic Focus Areas
LIC outlined its key strategic priorities:
- Focus on digital transformation.
- Enhancing the share of Non-Par products.
- Agency transformation project.
- Investment yield maximization.
ESG Initiatives
LIC is committed to Environmental, Social, and Governance (ESG) initiatives, embedding them within its business operations. Noteworthy efforts include:
- Renewable Energy: Investing in renewable energy projects.
- Community Support: Supporting sanitation projects, providing access to clean water, and contributing to education.
- Rooftop Solar Capacity: Increasing rooftop solar capacity and reduction of carbon emissions.
Source: BSE
