LIC Q1 results: Net profit rises 23% to ₹13,492 cr on higher premium income

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LIC posted a 23% rise in June-quarter net profit to ₹13,492 crore, driven by higher premium income and an improvement in its solvency ratio Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to ₹13,492 crore in the first quarter of the ongoing financial year. The country’s…