LIC Awaits Changes In Insurance Act For Foray In Health Insurance

Mumbai: A variable equity market affected the profitability of the Indian Life Insurance Company (LIC), which declared an increase of 5 percent in independent net profit in 10,987 RS compared to 1,461 Crore, which ended on June 30, 2025. The largest corporate investor in the stock exchange, the insurance company made a 17000 RS profit from the sale of stocks in the quarter and a growth of 15 percent in the quarter. The insurer sold 50,000 RS of shares in a quarter.

Speaking to journalists at a hymen press conference, R Doraiswamy, LIC General Manager and General Manager said, “The growth in business profit is encouraging. However, market conditions have not been suitable for capital gains that explain lower net profit growth. We will continue to focus on increasing profitability.”

The total premium income for the quarter ended on June 30, 2025 was 1.19.200 RS compared to 1.19.200 RS compared to 1,13.770 RS, which registered 4.77 percent for the quarter ended on June 30, 2024. Gross NPA ratio, against 1.95 percent in the same period of the previous year, the examined quarter was 1.42 percent.

Answering a question about plans to enter health insurance, Doraiswamy said that the insurance company has kept all options open, including buying shares at a pure health insurance company or a composite license. He is waiting for changes in the Insurance Law and closely monitoring the developing area of health insurance. The insurer also expands its options in terms of selecting the target company. Previously, there were reports that the insurance company had negotiated with Manipal Cigna Health Insurance to buy a share. “If the concept of composite insurance becomes a reality and LIC decides to adopt this model, we can look at starting our own products. A strategic share until then is an option on the table.”

“We do not need to sell direct health insurance products to enter health insurance. We were trying to get a strategic share in a health insurance company … As an investor, we are very allowed to look at any investment company for investment.” The authority said that LIC could apply for a special permission from the regulator to get a higher share of the regulatory limits according to IRAI investment regulations. Dora Doraiswamy added.