LIC premium income increases 12% at Rs 1.48 trillion

Total premium income at Life Insurance Corporation rose around 12% in the six months ended September to Rs.1.48 trillion. Total net income during the period rose 12.6% to Rs.2.50 trillion. LIC, India’s largest institutional investor, booked Rs.12,374 crore profit from the sale of equities during the period, up 16.3% from a year before, as the market scaled record highs.