Life Insurance Corporation of India (LIC) on Thursday reported a 32% year-on-year increase in net profit for the second quarter to ₹10,054 crore, driven by higher premium income and strong investment gains.

However, the insurer’s overall market share based on first-year premium income (FYPI) fell to 59.41% for the half year ended September 2025, from 61.07% a year earlier — marking the first time LIC’s share has dipped below the 60% mark.

LIC CEO and Managing Director R Doraiswamy attributed the decline in market share to the changes in product mix following revised surrender value guidelines last year, along with temporary disruptions caused by the recent GST rate restructuring. “Rather than worrying too much about market share, we are focusing on profitable growth over a period of

See Full Page