Key Points
A security guard walks past logos of Life Insurance Corporation of India (LIC) and Bombay Stock Exchange (BSE) inside the BSE building in Mumbai, India, May 17, 2022..
BENGALURU, Nov 10 (Reuters) - Life Insurance Corporation of India (LIFI.NS) reported second-quarter profit that halved on Friday, hurt by a fall in premium income and as it transferred a lower amount of money to its shareholders' fund...
The company posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept. 30, compared to 159.52 billion rupees a year ago...
As part of a move to boost its profitability after a change in its accounting policy, LIC transferred 62.77 billion rupees from its non-participating fund to a shareholders' fund for the quarter ended Sept. 30, the company said...
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