 "LIC")
Life Insurance Corporation of India (LIC) posted a net profit of Rs 26.35 million for the quarter ended December 31, 2017, which is an 87.7 per cent decrease from a net profit of Rs 215.9 million at the end of the same quarter in the previous financial year.
The loss seems to be mainly on account of a large drop in the profits made from the sale or redemption of investments (shareholder's account). In the third quarter of FY17, profits on sale or redemption of investments stood at Rs 114.34 million. Whereas, in the third quarter of FY18, this
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