However, for FY22 as a whole, the insurer reported 40% growth in profit at ₹4,124.7 crore from ₹2,947.13 crore in the previous year. KumarThe board of LIC proposed a dividend of ₹1.50 per share for FY22, subject to shareholders’ approval at its upcoming annual general meeting. Net premium income in the fourth quarter rose to ₹1.44 trillion from ₹1.22 trillion a year earlier. In FY22, LIC recorded a total net premium income of ₹4.29 trillion. LIC said its asset base grew 12% to ₹41.83 trillion in FY22 from ₹37.46 trillion in FY21.

Source: Mint May 31, 2022 07:20 UTC