The Life Insurance Corporation of India (LIC) recorded a robust consolidated net profit of ₹10,098.48 crore for Q2 of FY26, representing a remarkable 31% increase from ₹7,728.68 crore in the same quarter last year. Sequentially, the profit saw a slight decline of 7.8% compared to ₹10,957.05 crore in Q1FY26.

In the first half of FY26, LIC’s net profit experienced a year-on-year increase of 16.36% to reach ₹21,040 crore, indicating steady performance within a growing insurance sector.

Consistent Premium Income Growth

LIC’s net premium income for Q2FY26 amounted to ₹1,26,930.04 crore, which reflects a 5.5% increase compared to the previous year and a sequential rise of 6.1%. In total, premium collections for the half-year grew by 5.14% to ₹2,45,680 crore.

The company is diversifying its product lineup and distribution strategies, leading to a significant uptick in the Non-Par APE share for individual policies, which rose to 36.31% in H1FY26 from 26.31% last year.

Growth Driven by Distribution Channels

Alternative channels and bancassurance have played a crucial role in new business growth, with their share of individual new business premium increasing to 67.6%. The value of new business (VNB) grew by 12.3% to ₹5,111 crore, supported by a VNB margin of 17.6%.

Enhancements in Cost Efficiency

LIC has reported a reduction in its expense ratio by 146 basis points to 11.28%, indicating improvements in operational efficiency.

Expansion of Asset Base

As of September 30, 2025, LIC’s assets under management (AUM) rose to ₹57,22,896 crore, marking a 3.31% increase from ₹55,39,516 crore a year prior, demonstrating consistent growth in the company's investment base.

Key Highlights for Q2FY26:

• Net Premium Income: ₹1,26,930.04 crore

• Net Profit: ₹10,098.48 crore

• Earnings per Share (Basic & Diluted): ₹15.97

LIC continues to show stable growth in both profits and premiums, supported by a diversified approach to its product offerings and distribution channels, hence reinforcing its dominance as India’s top life insurer.