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

The net income from investments for Q2 stood at Rs 84,103.64 crore, as compared to Rs 76,533.75 crore in the year-ago period

Photo: Bloomberg
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Photo: Bloomberg

IANS Chennai
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

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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