Mumbai, May 27 -- Life Insurance Corporation of India (LIC) posted a 38 per cent increase in net profit for the quarter ended March 2025, reaching Rs.19,013 crore.

This is a significant improvement from the Rs.13,763 crore recorded in the same quarter of the previous financial year.

For the full financial year 2024-25, LIC reported a Profit After Tax of Rs.48,151 crore, marking an 18.38 percent year-on-year rise. Individual new business premium for the year stood at Rs.62,495 crore, reflecting an 8.28 percent growth compared to the previous year.

The Value of New Business (VNB) rose by 4.47 percent YoY to Rs.10,011 crore, while the VNB margin (net) expanded by 80 basis points to 17.6 percent.

The insurer also brought down its expense ...