Life Insurance Corporation of India (LIC) reported a 20 per cent year-on-year increase in second-quarter standalone net profit at Rs 12,076 crore, helped by healthy growth in net premium income and tight control on expense management, The Hindu BusinessLine reported. India's largest life insurer had recorded a net profit of Rs 10,053 crore in the year-ago quarter. On a consolidated basis, net profit rose 20 per cent to Rs 12,115 crore, and net premium income jumped 16.2 per cent to Rs 1.47 lakh crore, Upstox's earnings live blog reported.

Source: The Hindu BusinessLine

In the reporting quarter, single premium income rose by a robust 35 per cent year-on-year to Rs 68,403 crore. Renewal premium income was up 5 per cent to Rs 68,375 crore. However, first-year premium income was down about 4 per cent at Rs 10,432 crore, BusinessLine reported.

Source: The Hindu BusinessLine

The state-owned insurer's value of new business rose 34 per cent on year to Rs 6,846 crore as on September 30, while the margin rose 470 basis points to 22.3 per cent, Informist reported from the post-earnings press conference. Total annualised premium equivalent rose 6 per cent to Rs 30,696 crore for the first half of 2026-27, with group business APE up nearly 14 per cent while unit-linked (ULIP) APE fell 40 per cent in April-September, Informist said. Managing Director and Chief Executive Officer R. Doraiswamy said that as LIC continues to focus on non-par savings and term assurance business, it can expect a good improvement in VNB margin as well.

Source: Informist

Doraiswamy said the results demonstrate the successful implementation of LIC's strategy of product and channel diversification pursued since its listing, and said LIC is 'very optimistic' about the positive impact of the proposed commission regulation changes announced by the insurance regulator IRDAI in September 2026, BusinessLine reported. On the government's decision to sell a 60.72 per cent stake in IDBI Bank to Canada's Fairfax Financial Holdings, management said it does not expect a significant impact on bancassurance volumes, expects IDBI Bank to continue as a channel partner, and noted that RBL Bank and Yes Bank were onboarded as bancassurance partners in recent quarters, according to BusinessLine and Informist.

Source: The Hindu BusinessLine

A senior official said LIC had made substantial investments in government securities during the quarter, including state government securities, to take advantage of higher yields, and management expects investments in government securities to go up further in the December quarter, BusinessLine and Informist reported. Shares of LIC closed flat at Rs 408 apiece on the National Stock Exchange on Thursday, Informist said.

Source: Informist