IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

Life Insurance Corporation (LIC), which is expected to debut on the bourses by the end of the current fiscal year (FY22), booked profit to the tune of Rs 23,246.5 crore from sale of investments from April-September, the draft red-herring prospectus (DRHP) of LIC revealed. In FY21, it had booked profits of Rs 39,809.63 crore from the sale of investments and Rs 19,387.48 crore in FY20.

In the first six months of FY22, LIC’s income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments, and fair value gain totalled Rs 1.49 trillion. In FY21,