Key Points
BENGALURU, Aug 10 (Reuters) - Life Insurance Corporation of India (LIFI.NS) posted a fourteen-fold surge in first-quarter profit on Thursday, as the insurer moved 74.92 billion rupees to its shareholders' fund...
The company posted a profit after tax of 95.44 billion rupees ($1.16 billion) for the quarter ended June 30, compared to 6.83 billion rupees a year ago...
Reuters reported last year that the insurer was planning to transfer 1.8 trillion rupees from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares...
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