Mumbai, May 28 -- Profit before tax (PBT) surged 42.19% YoY to Rs 22,399.07 crore during the quarter, powered by a sharp drop in employee-related expenses, which offset the fall in premium collections.

Employee costs fell 56.88% YoY to Rs 5,928.48 crore in Q4 FY25, largely due to a normalization in salary expenses after the one-off impact of a wage revision in the same quarter last year. LIC revises wages for its employees every five years.

Net premium income came in at Rs 1,47,585.56 crore, down 3.09% YoY but up 38.07% from the previous quarter.

Policy sales took a hit as new IRDAI rules on surrender values, effective from 1 October 2024, impacted buyer sentiment. The updated guidelines now allow policyholders to receive higher payout...