Key Details

LICI will participate in virtual/physical meetings with various investors/analysts from different geographies during July 1, 2026 to July 15, 2026. The presentation for these meetings is available on the corporation's website at https://licindia.in/fy-2026-271. The corporation confirmed that no unpublished price sensitive information (UPSI) will be discussed during these interactions.

Financial Performance Metrics (INR Crore)

Total Premium Income:

  • Pre-IPO (FY22): ₹427,419 Cr
  • FY24: ₹475,070 Cr
  • FY25: ₹488,148 Cr
  • FY26: ₹535,984 Cr

Profit After Tax:

  • Pre-IPO (FY22): ₹4,043 Cr
  • FY24: ₹40,676 Cr
  • FY25: ₹48,151 Cr
  • FY26: ₹57,419 Cr

Distribution Mix % (Individual New Business by Premium):

  • Agency channel: 91.8% in FY26 (down from 96.3% in Pre-IPO)
  • Bancassurance, Alternates & Others: 8.2% in FY26 (up from 3.7% in Pre-IPO)

Product Mix % (Individual New Business by Premium):

  • Non-Participating: 60.8% in FY26 (up from 29.6% in Pre-IPO)
  • Participating: 39.2% in FY26 (down from 70.4% in Pre-IPO)

Key Ratios:

  • Overall Expense Ratio: 11.9% in FY26 (improved from 14.5% in Pre-IPO)
  • Solvency Ratio: 235.0% in FY26 (improved from 185.0% in Pre-IPO)
  • Net VNB Margin: 21.2% in FY26 (improved from 15.1% in Pre-IPO)

Other Financial Metrics:

  • Indian Embedded Value (IEV): ₹789,185 Cr in FY26
  • Total APE: ₹66,961 Cr in FY26
  • Net VNB: ₹14,179 Cr in FY26
  • Net Worth: ₹175,356 Cr in FY26
  • Assets Under Management (AUM): ₹57,29,396 Cr in FY26

Strategic Initiatives

Bima Sakhi Yojana - Women Empowerment Initiative:

  • Launched by Hon'ble Prime Minister on December 9, 2024
  • 3.45 lakh Mahila Career Agents (MCAs) appointed
  • 21.94 lakh policies sold with total NBP of ₹2,848.36 Cr
  • 61.16% of policies and 57.72% of premium procured from Rural areas
  • Coverage achieved in 1,43,924 Gram Panchayats (59% of total 2,44,876 Gram Panchayats)
  • 100% Gram Panchayat coverage in Kerala

Future Focus Areas:

  • Focus on digital and agency transformation project
  • Consolidate gains in enhancing share of Non-Par business
  • Consolidate distribution gains via Bancassurance and Alternate Channels
  • Market share focus with profitability
  • Investment yield maximization while balancing risk
  • Human resource strategy alignment with new skills

Market Position

  • India's largest life insurance company with 69+ years of presence
  • Sustained leadership position as per First Year Premium data (IRDAI March 2026)
  • 6th largest globally in CY22 (Evalueserve Global IPO 2022 Market Update)