 "LIC")
Indian life insurance market leader Life Insurance Corporation of India (LIC) closed Q2FY23 ending September 30 with a net profit of Rs 15,952.49 crore.
According to LIC, for the period under review (July to September), the company earned a net premium of Rs 132,104.13 crore, as compared to the corresponding period the previous year, which stoot at 104,331.53 crore, and a net profit of Rs 15,952.49 crore, as compared to Rs 1,433.71 crore in the year-ago period.
According to LIC, the net profit increased by Rs 14,271.80 crore owing to change in accounting policy.
As per the new policy, the amount pertaining to
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