💨 Abstract

Life Insurance Corporation of India (LIC), India's largest insurer, reported a 17% increase in Q3 profit, reaching 110.56 billion rupees, due to a decrease in employee-related expenses. However, policy sales were impacted by new regulations that reduced policyholder charges for early policy termination. Net premium income dropped 9%, and the solvency ratio improved to 2.02. Shares fell 1.5%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖