Life Insurance Corporation of India has infused an additional capital to the tune of LKR 500 million (approximately Rs 14 crore) in its subsidiary, Life Insurance Corporation (Lanka). After allotment of shares, the shareholding of the Corporation will be increased from 90.91% (before allotment) to 93.75% (post allotment) in the said Company.Powered by Capital Market - Live News

Life Insurance Corporation of India announced that the 3rd Annual General Meeting(AGM) of the company will be held on 22 August 2024.Powered by Capital Market - Live News

Life Insurance Corporation of India announced that the Board of Directors of the Company at its meeting held on 27 May 2024, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Life Insurance Corporation of India rose 4.48% to Rs 13781.59 crore in the quarter ended March 2024 as against Rs 13190.79 crore during the previous quarter ended March 2023. Sales rose 15.55% to Rs 153018.97 crore in the quarter ended March 2024 as against Rs 132432.22 crore during the previous quarter ended March 2023.For the full year,net profit rose 13.67% to Rs 40915.85 crore in the year ended March 2024 as against Rs 35996.64 crore during the previous year ended March 2023. Sales rose 0.19% to Rs 477521.05 crore in the year ended March 2024 as against Rs 476632.79 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales153018.97132432.22 16 477521.05476632.79 0 OPM %0.208.71 -5.876.16 - PBDT14560.4312150.98 20 42879.9037283.27 15 PBT14560.4312150.98 20 42879.9037283.27 15 NP13781.5913190.79 4 40915.8535996.64 14 Powered by Capital Market - Live News

Net profit of Life Insurance Corporation of India rose 2.49% to Rs 13762.64 crore in the quarter ended March 2024 as against Rs 13427.81 crore during the previous quarter ended March 2023. Sales rose 15.59% to Rs 152542.71 crore in the quarter ended March 2024 as against Rs 131963.86 crore during the previous quarter ended March 2023.For the full year,net profit rose 11.75% to Rs 40675.79 crore in the year ended March 2024 as against Rs 36397.39 crore during the previous year ended March 2023. Sales rose 0.23% to Rs 475751.92 crore in the year ended March 2024 as against Rs 474668.13 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales152542.71131963.86 16 475751.92474668.13 0 OPM %1.0110.46 -6.717.15 - PBDT15752.6514375.11 10 46612.3741699.63 12 PBT15752.6514375.11 10 46612.3741699.63 12 NP13762.6413427.81 2 40675.7936397.39 12 Powered by Capital Market - Live News