💨 Abstract

Life Insurance Corporation of India, the largest insurer in India, reported a 17% increase in third-quarter profit to 110.56 billion rupees ($1.26 billion), primarily due to a 30% decrease in employee-related expenses. The drop in compensation and welfare costs amounted to 66.91 billion rupees. The decline in expenses contributed significantly to the profit growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖