💨 Abstract

Life Insurance Corporation of India (LIC), India's largest insurer, reported a 17% rise in Q4 profit to 110.56 billion rupees ($1.26 billion) due to reduced employee-related expenses. However, the expected profit from new premiums decreased due to a drop in policy sales following a new regulation that lowered surrender costs. Net premium income fell 9% to 1.07

Courtesy: theprint.in

Summarized by Einstein Beta 🤖