LIC Q2 results: PAT rises 11-fold to Rs 15,952 crore; net income up 26%

Life Insurance Corporation (LIC) of India reported a more than 11-fold jump in second-quarter profit on Friday, as the country’s largest insurer recognised a gain due to changes in its accounting policy.

The insurer posted a profit after tax of Rs 15,952 crore ($1.98 billion) for the three months ended Sept. 30, compared to Rs 1,434 crore a year earlier.

Net premium income rose more than 26 per cent to Rs 1.32 trillion , the company said in an exchange filing.

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