Net premium income stood at Rs 1.26 lakh crore in Q3FY26, up 17% from Rs 1.07 lakh crore in the corresponding period last year. On a sequential basis, profit after tax rose 28% from Rs 10,098 crore reported in Q2FY26, even as net premium income declined marginally by 0.7% quarter-on-quarter.
During the nine months ended December 31, 2025, LIC sold 1,16,63,856 policies in the individual segment, slightly lower than 1,17,10,505 policies sold in the same period last fiscal year, reflecting a decline of 0.40%.
On an Annualised Premium Equivalent (APE) basis, total premium for 9MFY26 stood at Rs 44,007 crore. Of this, Individual Business contributed 62.61% or Rs 27,552 crore, while Group Business accounted for 37.39% or Rs 16,455 crore.
Within Individual Business, Par products made up 63.54% of APE at Rs 17,507 crore, while Non-Par products accounted for 36.46% or Rs 10,045 crore. Individual Non-Par APE increased to Rs 10,045 crore for the nine months ended December 31, 2025, compared with Rs 6,813 crore in the year-ago period, registering a growth of 47.44%.
The Value of New Business (VNB) for the nine-month period rose to Rs 8,288 crore from Rs 6,477 crore a year earlier, marking a growth of 27.96%. Net VNB margin expanded by 170 basis points to 18.8%, compared with 17.1% in the year-ago period.
LIC’s solvency ratio improved to 2.19 as on December 31, 2025, from 2.02 a year earlier. Assets under management (AUM) increased to Rs 59,16,680 crore as of December 31, 2025, compared with Rs 54,77,651 crore on December 31, 2024, reflecting a rise of 8.01% YoY.The overall expense ratio for the nine months ended December 31, 2025 declined by 132 basis points to 11.65%, compared with 12.97% in the corresponding period last year.
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