Date: August 12, 2026

Financial Results (Standalone & Consolidated)

Q1 FY27 Performance Metrics:

Total Premium Income: ₹1,27,250 crore (Q1 FY26: ₹1,19,200 crore) - +6.75% YoY

Individual New Business Premium: ₹61,065 crore (Q1 FY26: ₹58,938 crore) - +3.61% YoY

Renewal Premium (Individual): ₹51,834 crore (Q1 FY26: ₹47,726 crore) - +8.61% YoY

Total Group Business Premium: ₹14,351 crore (Q1 FY26: ₹12,536 crore) - +14.48% YoY

Market Share:

  • Premium: 60.10% (Q1 FY26: 63.51%) - -3.41% absolute
  • Policies: 60.73% (Q1 FY26: 63.07%) - -2.34% absolute

Annualized Premium Equivalent (APE) Performance:

Total APE: ₹13,692 crore (Q1 FY26: ₹12,652 crore) - +8.22% YoY

  • Individual Par: ₹5,085 crore (Q1 FY26: ₹4,919 crore) - +3.37% YoY
  • Individual Non-Par: ₹2,447 crore (Q1 FY26: ₹2,142 crore) - +14.24% YoY
  • Individual Saving: ₹1,293 crore (+59.24% YoY)
  • Protection: ₹56 crore (+43.59% YoY)
  • Annuity: ₹330 crore (-9.34% YoY)
  • ULIP: ₹769 crore (-17.04% YoY)
  • Group: ₹6,160 crore (Q1 FY26: ₹5,590 crore) - +10.20% YoY

Net Value of New Business (VNB): ₹3,136 crore (Q1 FY26: ₹1,944 crore) - +61.32% YoY

Net VNB Margin: 22.9% (Q1 FY26: 15.4%) - +7.5% absolute

Balance Sheet Highlights (Standalone):

As of June 30, 2026:

  • Share capital: ₹12,650.00 crore (June 2025: ₹6,325.00 crore)
  • Reserves and surplus: ₹1,77,092.56 crore (June 2025: ₹1,31,082.27 crore)
  • Policyholders' funds: ₹51,82,790.88 crore (June 2025: ₹55,85,603.03 crore)
  • Total assets: ₹60,53,366.92 crore (June 2025: ₹57,95,603.71 crore)

Investments:

  • Shareholders': ₹1,74,216.23 crore
  • Policyholders': ₹54,94,292.46 crore
  • Assets held to cover linked liabilities: ₹69,003.74 crore
  • Loans: ₹1,30,541.09 crore
  • Fixed assets: ₹4,452.6 crore

Income Statement (Three Months Ended June 30, 2026):

  • Premiums earned (net): ₹1,27,250.41 crore
  • Income from investments: ₹1,09,351.45 crore
  • Other income: ₹634.93 crore
  • Total income: ₹2,37,841.08 crore
  • Commission: ₹5,032.16 crore
  • Operating expenses: ₹8,508.64 crore
  • Provision for tax (Policyholders): ₹1,030.23 crore
  • Benefits paid (net): ₹1,20,448.58 crore
  • Profit after tax: ₹12,268 crore

Actuarial Metrics

Indian Embedded Value (IEV):

As of March 2026: ₹7,89,185 crore (FY25: ₹7,76,876 crore)

  • Adjusted Net Worth (ANW): ₹1,69,605 crore
  • Value of in-force (VIF) Business: ₹6,19,580 crore

IEV Movement Analysis (FY2026):

  • Opening IEV: ₹7,76,876 crore
  • Expected return on Existing Business: ₹74,748 crore
  • Operating assumptions change: -₹1,663 crore
  • VoNB added: ₹14,179 crore
  • Operating Experience Variance (Persistency): ₹3,509 crore
  • Operating Experience Variance (Expenses): ₹529 crore
  • Operating Experience Variance (Mortality/Morbidity): -₹103 crore
  • Operating Experience Variance (Others): ₹1,440 crore
  • IEV Operating Earnings (EVOP): ₹92,639 crore
  • Economic Assumptions Changes: -₹72,740 crore
  • IEV Total Earnings: ₹19,899 crore
  • Capital Contributions/dividends: -₹7,590 crore
  • Closing IEV: ₹7,89,185 crore

Sensitivity Analysis (March 2026):

  • Base IEV: ₹7,89,185 crore with 21.2% VNB Margin
  • +100 bps reference rates: -0.4% IEV, +4.9% VNB Margin
  • -100 bps reference rates: +0.3% IEV, -7.1% VNB Margin
  • Tax rate increased to 25%: -9.6% IEV, -2.7% VNB Margin
  • Equity values decrease by 10%: -6.2% IEV, -0.6% VNB Margin

Business Performance & Distribution

Distribution Network (as of March 31, 2026):

  • Exclusive agents: 14.57 lakh
  • Corporate agents: 1,762
  • Brokers: 308
  • Insurance Marketing Firms: 167
  • Premium points: 39,131 (including 2,487 Micro Insurance Premium Points)
  • Total Micro-insurance agents: 15,298
  • Branch and satellite offices: 3,636
  • Geographic coverage: 36 States & UTs, covering 92% districts

Bima Sakhi Yojana (Women Empowerment Initiative):

  • Total MCAs Appointed: 3.45 lakh (since December 9, 2024)
  • Total Policies Sold: 21.94 lakh
  • Total NBP Procured: ₹2,848.36 crore
  • 61.16% of policies and 57.72% of premium procured by Bima Sakhis from rural areas

Customer Service Metrics (FY26):

  • Settled death claims: ₹24,885 crore (FY25: ₹24,420 crore)
  • Claim settlement ratio (Death): 99.44% by number (FY25: 99.41%)
  • Policyholders complaints per 10,000 policies: 35.98
  • Repudiated claim ratio: 1.89% by number
  • Call center/IVRS queries resolved: 57.46 lakh

Digital Initiatives

Digital Adoption:

  • Increasing digital collection across channels
  • LIC customer APP rating: 4.56/5.01 as of March 31, 2026
  • Rising website registered customers
  • Digital processes designed for ease of onboarding, integrated with WhatsApp

ESG Initiatives

ESG Rating:

  • Achieved "CareEdge-ESG 1" rating with ESG score of 74.0 (May 14, 2026)

Social Initiatives:

  • 52.85% agents reside in rural areas
  • "Bima Gram" initiative for rural insurance awareness
  • LIC Golden Jubilee Foundation sanctioned 1,045 projects
  • Scholarships to 41,776 students worth ₹105.26 crore
  • 24.14% women in workforce, 39.91% female agents, 38.57% female policyholders

Environmental Initiatives:

  • 10,499 KW rooftop solar capacity installed
  • Carbon emission reduction: ~40,097 tons since 2014
  • Three Green rated buildings constructed
  • Generated 44.55 million Kwh of solar energy since 2014

International Presence

Foreign Branches:

  • Fiji Branch, Mauritius Branch, United Kingdom Branch, Gift City Branch

Subsidiaries and Associates:

  • Multiple subsidiaries with stakes ranging from 55.00% to 100.00%
  • Associate holdings including LIC Mutual Fund Trustee Company Pvt. Ltd (49.00%)

Industry Outlook

Market Position:

  • India has largest share of young population with median age of 28 years
  • 90% of Indians below 60 years by 2021
  • Household savings increasing demand for long-term products
  • Life insurance industry premium growth range of 10% to 14% in last eight years
  • LIC market share: 58.87% of total life insurance premium (FY24)