The company’s board of directors also revised July 25th as the record date to determine shareholder eligibility for proposed dividend payments. Investors who hold LIC shares as of the record date are eligible to receive final dividend approval after AGM.
The dividend announcement follows strong financial performance by LIC for the year ended March 2025. The company recorded profits after a tax of Rs 48,151, marking a growth of 18.38% from 40,676 crore in 2004. Total premium revenue was Rs 4,88,148, up from Rs 4,75,070 the previous year.
LIC, India’s largest life insurance company, continues to dominate the market with a market share of 57% based on first-year premium income (FYPI). In the individual insurance segment, its market share was 37% and in group insurance it was 71%.
The board also announced that LIC has allocated Rs 56,190 as a bonus to policyholders for FY25, further highlighting the involvement of strong policyholders. The embedded value of the insurance company rose 6.81% from last year to Rs 776 lakh, while the managed assets rose to Rs 54.5 lakh krole, showing a 6 per cent increase.
Another notable milestone for LIC this year was to win the Guinness World Record for “most life insurance policies sold in 24 hours” by selling a policy of over 5.88 lakh on January 20, 2025. The company’s solvency ratio has also improved to 2.11, showing a solid financial cushion. In the fourth quarter, LIC reported a 38% net profit growth of 19,039 crore and 13,782 crore a year ago.
