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LIC Commences Operations at IFSC Branch in GIFT City, Gandhinagar
Life Insurance Corporation of India (LIC) has officially started operations at its International Financial Services Centre (IFSC) branch in GIFT City, Gandhinagar, as of February 27, 2026. This move follows a previous regulatory disclosure made on December 26, 2023, regarding the setup of this international unit. The IFSC branch allows LIC to offer dollar-denominated insurance products and target the NRI and global market more effectively. This strategic expansion is expected to diversify LIC's revenue streams and enhance its global footprint.
Key Highlights
Operations at the GIFT City IFSC branch commenced on February 27, 2026
The expansion follows through on a strategic plan initiated in December 2023
Enables LIC to provide international insurance services from India's premier financial hub
Aims to capture global business and offer dollar-denominated products to non-residents
💼 Action for Investors
Investors should monitor the scale of operations and premium growth from the IFSC unit in future earnings reports. This expansion is a positive long-term driver for diversifying the company's business mix.
LIC Launches Two New Group Insurance Products: Group Term Ease and Group Benefits Secure
Life Insurance Corporation of India (LIC) has announced the launch of two new domestic insurance products effective February 16, 2026. The first product, LIC’s Group Term Ease Plan, is a non-participating, non-linked, pure risk group life plan. The second, LIC’s Group Benefits Secure Plan, is a non-participating, non-linked group savings plan. These launches signify LIC's continued focus on expanding its non-par product portfolio within the domestic group insurance segment.
Key Highlights
Launch of two new domestic products: LIC’s Group Term Ease Plan and LIC’s Group Benefits Secure Plan
Both products are categorized as Non-Participating and Non-Linked, aligning with margin-improvement strategies
Products target the group insurance market, covering both pure risk and savings categories
Official market launch scheduled for February 16, 2026
💼 Action for Investors
Investors should view this as a positive step in LIC's strategy to diversify its product mix toward non-participating products. Monitor the growth in the group insurance segment in upcoming quarterly results to gauge the adoption of these new offerings.
LIC 9MFY26 PAT Rises 16.7% to ₹33,998 Cr; VNB Margins Improve to 18.8%
LIC reported a strong performance for the nine months ended December 31, 2025, with Profit After Tax (PAT) growing 16.68% YoY to ₹33,998 crore. A strategic shift in product mix saw the high-margin Non-Par segment's share of Individual APE rise significantly to 36.46% from 27.68% a year ago. Value of New Business (VNB) increased by 27.96% to ₹8,288 crore, while VNB margins expanded by 170 basis points to 18.8%. The corporation maintained its market leadership with a 57.07% market share in First Year Premium income.
Key Highlights
Profit After Tax (PAT) grew by 16.68% YoY to ₹33,998 crore for 9MFY26.
VNB margin improved to 18.8% from 17.1% YoY, driven by a 47.44% growth in Non-Par APE.
Total Assets Under Management (AUM) increased by 8.01% YoY to reach ₹59.17 lakh crore.
Overall expense ratio decreased by 132 basis points to 11.65% reflecting better operational efficiency.
Bancassurance and Alternate Channels recorded a robust 66.74% growth in New Business Premium.
💼 Action for Investors
Investors should focus on the successful margin expansion and the increasing contribution of Non-Par products to the bottom line. The stock remains a key beneficiary of the structural shift in the Indian insurance landscape toward high-margin protection and savings products.
LIC 9M FY26 PAT Rises 16.7% to ₹33,998 Cr; Non-Par Product Share Climbs to 60.5%
LIC reported a robust 16.68% YoY increase in Profit After Tax, reaching ₹33,998 crore for 9M FY26. The corporation's Assets Under Management (AUM) grew 8.01% to ₹59.17 lakh crore, while the solvency ratio improved significantly to 2.19. A key strategic highlight is the successful shift in product mix, with high-margin Non-Participating products now accounting for 60.48% of individual new business premium, up from 53.34% in FY25.
Key Highlights
Profit After Tax (PAT) grew by 16.68% YoY to ₹33,998 crore for the nine-month period ending December 2025.
Assets Under Management (AUM) increased to ₹59,16,680 crore, an 8.01% rise compared to 9M FY25.
Share of Non-Participating products in individual new business premium rose to 60.48% from 53.34% in the previous year.
Solvency ratio strengthened to 2.19 from 2.02, indicating a very healthy capital buffer.
Overall expense ratio improved to 11.65% from 12.97% YoY, reflecting better operational efficiency.
💼 Action for Investors
Investors should take note of LIC's successful transition toward a higher-margin Non-Par product mix which is likely to boost Value of New Business (VNB) margins. The strong solvency and AUM growth reinforce its market leadership, making it a stable long-term play in the insurance sector.
LIC 9M FY26: PAT Rises 16.7% to ₹33,998 Cr; VNB Margins Improve to 18.8%
LIC reported a strong financial performance for 9M FY26, with Profit After Tax (PAT) increasing by 16.68% YoY to ₹33,998 crore. The company successfully improved its Value of New Business (VNB) margin to 18.8%, driven by a strategic shift towards high-margin Non-Participating products, which now account for 36.46% of Individual APE. Total Premium Income grew by 9.02% to ₹3,71,293 crore, while Assets Under Management (AUM) reached ₹59.17 lakh crore. Despite a slight dip in market share, the solvency ratio strengthened significantly to 2.19.
Key Highlights
Profit After Tax (PAT) grew 16.68% YoY to ₹33,998 crore for the nine-month period ending December 2025.
VNB Margin expanded to 18.8% from 17.1% YoY, with absolute VNB increasing 27.96% to ₹8,288 crore.
Share of high-margin Non-Participating products in Individual APE rose significantly to 36.46% from 27.68% YoY.
Assets Under Management (AUM) increased by 8.01% YoY to reach a massive ₹59,16,680 crore.
Solvency ratio improved to 2.19 from 2.02, indicating a very strong capital position and regulatory compliance.
💼 Action for Investors
Investors should view the margin expansion and shift toward Non-Par products as a significant positive for long-term valuation. The stock remains a solid defensive play with improving profitability metrics and a robust solvency cushion.
LIC 9M FY26 PAT Rises 16.7% to ₹33,998 Cr; VNB Margins Improve to 18.8%
LIC reported a strong 16.68% YoY growth in Profit After Tax for 9M FY26, reaching ₹33,998 crore. The company is successfully shifting its product mix towards high-margin Non-Par products, which now constitute 36.46% of the individual APE compared to 27.68% last year. This strategic shift led to a 27.96% growth in Value of New Business (VNB) and a 170 bps expansion in VNB margins to 18.8%. While overall market share remained stable at 57.07%, the company saw improved efficiency with the expense ratio dropping to 11.65%.
Key Highlights
Profit After Tax (PAT) grew 16.68% YoY to ₹33,998 crore for the nine months ended Dec 2025.
Value of New Business (VNB) surged 27.96% to ₹8,288 crore with net margins expanding to 18.8%.
Individual Non-Par APE grew significantly by 47.44% to ₹10,045 crore, increasing its share in individual business.
Assets Under Management (AUM) reached ₹59.17 lakh crore, an 8.01% increase YoY.
Solvency ratio improved to 2.19 from 2.02, while the overall expense ratio decreased by 132 bps to 11.65%.
💼 Action for Investors
Investors should focus on the consistent margin expansion and the successful pivot toward high-margin Non-Par products which improves long-term profitability. The stock remains a dominant play in the insurance sector with strengthening solvency and operational efficiency.
LIC Approves Q3 FY26 Unaudited Standalone and Consolidated Financial Results
The Board of Directors of Life Insurance Corporation of India (LIC) met on February 5, 2026, to approve the unaudited financial results for the quarter and nine-month period ending December 31, 2025. The meeting, which lasted over three hours, resulted in the approval of both standalone and consolidated financial statements. This disclosure is a mandatory regulatory requirement under SEBI Listing Regulations. Investors should now examine the detailed P&L and balance sheet figures to assess the company's growth trajectory and margin performance.
Key Highlights
Board approved unaudited financial results for the quarter ended December 31, 2025
Consolidated and standalone results for the nine-month period were also cleared
The board meeting concluded at 3:55 p.m. IST on February 5, 2026
Limited Review Report for the period has been submitted to the stock exchanges
💼 Action for Investors
Investors should analyze the detailed financial tables for trends in the Value of New Business (VNB) and product mix shifts. Monitor the stock for price action as the market absorbs the specific profit and premium growth figures.
LIC Invests Rs 5,120 Crore in Bajaj Finance Debentures
Life Insurance Corporation of India (LIC) has announced a significant investment of Rs 5,120 crore in Bajaj Finance Limited. The Corporation subscribed to 512,000 debentures with a face value of Rs 100,000 each. This transaction was completed on January 27, 2026, via cash consideration through RTGS. The investment aligns with LIC's routine treasury and investment operations in high-quality financial institutions.
Key Highlights
Total investment of Rs 5,120 crore in Bajaj Finance debentures
Subscription of 512,000 units at a face value of Rs 100,000 per debenture
Transaction completed on January 27, 2026, through RTGS payment
Target entity is a leading NBFC-Investment and Credit Company registered with RBI
💼 Action for Investors
Investors should view this as a routine deployment of capital by LIC into a high-rated credit instrument. No immediate portfolio action is required as this is part of LIC's standard investment strategy.
LIC to Launch 'Jeevan Utsav Single Premium' Savings Plan on Jan 12, 2026
Life Insurance Corporation of India (LIC) has announced the launch of a new domestic product, 'LIC’s Jeevan Utsav Single Premium', effective January 12, 2026. This is a Non-Par, Non-Linked, Individual, Savings, Whole Life Insurance Plan. The introduction of non-participating products is a strategic move to improve margins compared to traditional par products. This launch aligns with LIC's objective to diversify its portfolio and enhance its value of new business (VNB).
Key Highlights
Launch of 'LIC’s Jeevan Utsav Single Premium' scheduled for January 12, 2026.
The product is a Non-Par, Non-Linked, Individual, Savings, Whole Life Insurance Plan.
Focuses exclusively on the domestic market to capture savings-oriented demand.
Strategic shift towards non-participating products to potentially boost profit margins.
💼 Action for Investors
Monitor the uptake of this product as it reflects LIC's ability to transition towards higher-margin non-par segments. Positive sales data could lead to improved VNB margins in future quarters.
LICI Receives GST Demand Order for ₹1569.97 Cr in Maharashtra
Life Insurance Corporation of India (LICI) has received a demand order for Goods & Service Tax, interest, and penalty for Maharashtra State. The GST demand is ₹1382.52 crore, the interest is ₹849.57 crore, and the penalty is ₹138.25 crore, totaling approximately ₹2370.34 crore. The demand pertains to FY 2021-22 to 2023-24 and relates to excess Input Tax Credit (ITC) claimed. LICI has the option to appeal the order before the Commissioner (Appeals), Mumbai. While the financial impact is significant, the company states that there is no material impact on operations or other activities.
Key Highlights
GST demand of ₹1382.52 crore for FY 2021-22 to 2023-24
Interest demand of ₹849.57 crore
Penalty of ₹138.25 crore
Total demand (GST + Interest + Penalty) is approximately ₹2370.34 crore
Demand relates to excess Input Tax Credit (ITC) claimed
💼 Action for Investors
Investors should monitor LICI's appeal process and any potential impact on future earnings. While the company claims no material impact on operations, the large amount could affect profitability if the appeal is unsuccessful.
LICI appoints Ramakrishnan Chander as Managing Director w.e.f. December 01, 2025
Life Insurance Corporation of India (LICI) has announced the appointment of Mr. Ramakrishnan Chander as the Managing Director of the Corporation effective December 01, 2025. He will hold the position until his superannuation on September 30, 2027, or until further orders. Mr. Chander's salary will be in the range of ₹2,05,400 to ₹2,24,400. Prior to this appointment, he served as the Executive Director (Investment – Front Office) & Chief Investment Officer.
Key Highlights
Ramakrishnan Chander appointed as Managing Director effective December 01, 2025
His tenure extends until September 30, 2027 (superannuation) or until further orders
Salary scale is ₹2,05,400 to ₹2,24,400
He has 35 years of experience in Marketing and Administration
💼 Action for Investors
Investors should monitor Mr. Chander's strategic decisions and their impact on LICI's performance. This is a key leadership change, so keep an eye on any shifts in company strategy or financial outlook.