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LIC Q4 results: Net profit rises 4.5% to ₹13,782 crore, declares dividend of ₹6 per share
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Life Insurance Corporation of India, the largest life insurer in India, announced a net profit of ₹13,782 crore for the quarter ending on March 31, 2024, marking a 4.5 per cent increase from the ₹13,191 crore reported in the same period of the previous fiscal year. Along with the fourth quarter results, the company also announced that the board has approved a final dividend of ₹6 per share.According to the company's filing, LIC maintains its position as the dominant company in the Indian life insurance sector, boasting an impressive 58.87 per cent share of the First Year Premium Income (FYPI).
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