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LIC Marks 70 Years with Higher Premiums, Profit and Claims in FY2026

Life Insurance Corporation of India (LIC) logoLife Insurance Corporation of India (LIC)
Sig2.47Sen+6.82Env0.00Soc+4.15Gov+1.18

LIC was formed by an Act of Parliament and is set to complete 70 years on September 1, 2026. For FY2026, total premium income rose 9.80% to ₹5,35,984 crore and profit after tax increased 19.25% to a record ₹57,419 crore. It processed 2.50 crore individual claims and paid ₹2.80 lakh crore in maturity benefits and ₹24,885 crore in death claims, with a 99.44% death-claim settlement ratio.

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