Individual New business premium income increased by 14.48% to Rs 14,351 crore.
FinTech BizNews Service
Mumbai, 6 August, 2026: The Board of Directors of Life Insurance Corporation of India (“LIC”) has approved and adopted the standalone and consolidated financial results for the quarter ending June 30th, 2026. Below are the key highlights of our standalone performance.
The Profit after Tax (PAT) for the quarter ended June 30th, 2026 was Rs13,492 crore, compared to Rs10,986 crore for the quarter ended June 30th, 2025 registering a growth of 22.81%.
Key Operational and Financial metrics:
Sr. No. | Particulars | Quarter ended June 30th, 2025 (Rs in crore) | Quarter ended June 30th, 2026 (Rs in crore) | YoY Growth %age |
1 | Profit after Tax (PAT) | 10,986 | 13,492 | 22.81% |
2 | New Business Premium Income (Individual) | 12,536 | 14,351 | 14.48% |
3 | Renewal Premium (Individual) | 58,938 | 61,065 | 3.61% |
4 | Total Premium (Individual) | 71,474 | 75,416 | 5.52% |
5 | Total Group Business Premium | 47,726 | 51,834 | 8.61% |
6 | Total Premium Income | 1,19,200 | 1,27,250 | 6.75% |
7 | Number of Policies sold (Individual) | 30,39,709 | 31,02,281 | 2.06% |
8 | Value of New Business (Net) | 1,944 | 3,136 | 61.32% |
9 | Assets Under Management | 57,05,341 | 59,39,384 | 4.10% |
10 | VNB Margin (Net) | 15.4% | 22.9% | Increase by 750 bps |
11 | Overall Expense Ratio | 10.47% | 10.63% | Increase by 16 bps |
12 | Solvency Ratio | 2.17 | 2.42 | Increase by 25 bps |
13 | 13 M/ 61 M Persistency (Premium Basis) | 75.63% / 63.85% | 75.33% / 61.12% |
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14 | 13 M/ 61 M Persistency (Number of Policies Basis) | 64.35% / 51.12% | 66.45% / 48.74% |
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15 | Individual Business APE | 7,061 | 7,532 | 6.67% |
16 | Group Business APE | 5,590 | 6,160 | 10.20% |
17 | Total APE (Ind + Group) * | 12,652 | 13,692 | 8.22% |
18 | Ind APE Product Mix (%) (Par/ Non Par incl Linked) | 69.66% / 30.34% | 67.51%/32.49% |
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In terms of market share measured by First Year Premium Income (FYPI) (as per IRDAI), LIC continues to be the market leader in Indian life insurance business with an overall market share of 60.10%. For the quarter ended June 30th, 2026, LIC held a market share of 38.89% in Individual business and 70.90% in the Group business.
The Total Premium Income for quarter ended June 30th, 2026 was Rs1,27,250 crore as compared to Rs1,19,200 crore for the quarter ended June 30th 2025, registering a growth of 6.75%. The Total Individual Business Premium for the quarter ended June 30th, 2026 increased to Rs 75,416 crore from Rs71,474 crore in the corresponding period of the previous year, showing an increase of 5.52%. The Group Business total premium income for the quarter ended June 30th, 2026 was Rs51,834 crore as compared to Rs47,726 crore for the quarter ended June 30th 2025, showing an increase of 8.61%.
A total of 31,02,281 policies were sold in the individual segment during the quarter ended June 30th, 2026 as compared to 30,39,709 policies sold during the quarter ended June 30th 2025 registering an increase of 2.06%.
On an Annualized Premium Equivalent (APE) basis, the total premium was Rs 13,692 crore for the quarter ended June 30th, 2026. Of this 55.01% (Rs7,532 crore) was accounted for by the Individual Business and 44.99% (Rs6,160 crore) by the Group Business. Within the Individual Business, the share of Par products on an APE basis was 67.51% (Rs5,085 crore), while a balance was 32.49% (Rs2,447 crore) contributed by Non Par products. The Non Par APE has increased from Rs2,142 crore for the quarter ended June 30th, 2025 to Rs 2,447 crore for the quarter ended June 30th, 2026 registering a growth of 14.24% . Therefore, on an APE basis, the Non Par share of Individual business, which was 30.34% for the quarter ended June 30th, 2025 has grown to 32.49% for the quarter ended June 30th, 2026.
The Value of New Business (VNB) for the quarter ended June 30th, 2026 was Rs3,136 crore as compared to Rs1,944 crore for the quarter ended June 30th, 2025, registering a growth of 61.32%. The net VNB margin for the quarter ended June 30th, 2026 increased by 750 bps to 22.9% as compared to 15.4% for the quarter ended June 30th, 2025.
The Solvency Ratio as on June 30th, 2026 increased to 2.42 as against 2.17 on June 30th, 2025.
For the quarter ended June 30th, 2026, the persistency ratios on premium basis for the 13th month and 61st month were 75.33% and 61.12%, respectively. The comparable persistency ratios for the corresponding quarter ended June 30th, 2025 were 75.63% and 63.85%, respectively.
For the quarter ended June 30th, 2026, the persistency ratios on number of policies basis for the 13th month and 61st month were 66.45% and 48.74%, respectively. The comparable persistency ratios for the corresponding period ended June 30th, 2025 were 64.35% and 51.12%, respectively.
The Assets Under Management (AUM) increased to Rs59,39,384 crore as on June 30th, 2026 as compared to Rs57,05,341 crore on June 30th, 2025 registering an increase of 4.10% year on year.
The Overall Expense Ratio for the quarter ended June 30th, 2026 was 10.63% as compared to 10.47% for the quarter ended June 30th 2025, registering an increase of 16bps.
The Yield on Investments on policyholder’s fund excluding unrealized gains was 8.28% for the quarter ended June 30th, 2026 as against 8.45% for quarter ended June 30th, 2025.
Shri R Doraiswamy, CEO & MD, LIC said: – “We are happy to maintain our leadership in both Individual and Group Business during the first quarter of this financial year, despite increasing competitive intensity in the life insurance industry. Our overall market share by First Year Premium Income was 60.10% for the first quarter of FY 2026-27 and this fits in well with our market share strategy. What gives us even more happiness is that our VNB has grown by 61% plus and our VNB margin has expanded by 7.5% to 22.90% this year. This is a direct outcome of our product diversification and distribution strategy. I want to thank all our customers and our distributors and employees for their faith and efforts in these volatile times globally. Just very recently the Government of India has sold an additional 6.5% of shares through an OFS which has been well received by the markets. I want to welcome the new shareholders through the OFS into the LIC shareholder family and also thank the existing shareholders who have participated in the OFS for their continued faith in LIC. This year on 1st September 2026 LIC shall complete 70 years of existence and we hope we will bring many occasions of joy to our customers through innovative product launches and other initiatives.”
