Current Affairs - Economy - Discussion

Life Insurance Corporation of India (LIC) recorded a 5% year-on-year increase in net profit for Q1 FY26, reaching ₹10,987 crore compared to ₹10,461 crore in the same quarter last year. This growth came despite a slowdown in new policy sales due to regulatory changes, with strong renewal premiums supporting income stability. LIC also reported a 5% rise in net premium income and a significant improvement in asset quality, with gross NPAs falling by 21% and net NPAs by 36%. The solvency ratio rose to 2.17%, underscoring LIC’s enhanced financial strength and its dominant market position in both retail and group segments.