LIC pays ₹7,324 crore dividend to Finance Minister for FY25; check details

The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said Life Insurance Corporation of India (LIC) on Friday, August 29, paid a dividend cheque of ₹7,324.34 crore to Finance Minister Nirmala Sitharaman for the financial year 2024-25. The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement. The dividend cheque was presented to the Finance Minister by LIC CEO and MD R Doraiswamy in the presence of Department of Financial Services Secretary M Nagaraju and Joint Secretary Parshant Kumar Goyal, along with senior officials of the insurance company. LIC had an asset base of ₹56.23 lakh crore as of March 31, 2025. It continues to be the market leader in the Indian life insurance market, it added. Also read: Ather Energy shares jump 7% to hit record high; stock up 31% in 1 month; key things to know {{twitter: 1961312662345982139}} On Friday, shares of LIC settled at ₹853.65 apiece on the National Stock Exchange, declining 1.82%. LIC Q1 FY26 earnings Life Insurance Corporation had reported a consolidated net profit of ₹10,985 crore for the April-June quarter of the current fiscal year (Q1 FY26), up 4.11% from ₹10,551 crore posted in the year-ago period. On a standalone basis, LIC's net profit jumped 5% YoY to ₹10,986.51 crore in Q1 FY26 from ₹10,461.05 crore in Q1 FY25. The company's net premium income jumped 4.71% year-on-year (YoY) to ₹1.2 lakh crore during the reporting quarter, rising from ₹1.14 lakh crore in Q1 FY25. LIC's non-par APE (annualised premium equivalent) share within the individual business was at 30.34% during the reporting quarter against 23.94% in the year-ago quarter. Its individual business non-par APE jumped 32.6% to ₹2,142 crore, while the group business APE increased by 16.1% YoY to ₹5,590 crore. Its overall APE increased by 9.4% to ₹12,652 crore. Further, its net value of new business (VNB) grew by 20.7% YoY to ₹1,944 crore. Also read: From Jio IPO, Reliance Intelligence to investment of ₹75,000 crore in new projects, check 10 key takeaways from RIL's 48th AGM LIC's assets under management (AUM) during the June quarter increased by 6.4% YoY to ₹57.05 lakh crore. The company continues to be the market leader in the Indian life insurance business, in terms of market share measured by first-year premium income (FYPI), with an overall market share of 63.51%.