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LIC Q3 profit climbs 17 per cent to Rs 12,958 crore on strong premiums
MUMBAI: Life Insurance Corporation of India appears to be back in comfortable cruising mode. The country’s insurance giant reported a 17.2 per cent year-on-year jump in standalone net profit for the December quarter, buoyed by a sharp rise in premium collections and steady investment income.
For the third quarter of FY26, LIC posted a net profit of Rs 12,958.22 crore, up from Rs 11,056.47 crore in the same period last year. For the nine months ended December, the insurer reported a net profit of Rs 33,998.12 crore, underlining a steady run through the financial year so far.
Premium inflows did much of the heavy lifting. Net premium income rose 17.5 per cent to Rs 1,25,613.36 crore, while income from investments climbed 14.1 per cent to Rs 1,07,608.28 crore. First-year premium grew an impressive 45.6 per cent to Rs 10,604.60 crore, and single premium collections surged 30.5 per cent to Rs 45,872.85 crore.
The balance sheet also held its ground. LIC’s solvency ratio improved to 2.19 from 2.02 a year earlier, while earnings per share for the quarter came in at Rs 20.49.
On a consolidated basis, which includes subsidiaries and associates, net profit for the quarter stood at Rs 12,930.44 crore. This was supported by Rs 1,651.22 crore in profits from associates, led by investments in IDBI Bank and LIC Housing Finance.
Segment-wise, the Life Non-Participating business did the heavy lifting, generating a surplus of Rs 11,257.37 crore. The Life Participating segment reported a small deficit of Rs 38.98 crore, largely due to regulatory adjustments related to past expenses and pension liabilities.
The quarter also reflected the impact of certain regulatory approvals, including amortisation of additional family pension contributions and adjustments linked to earlier excess expenses in the participating segment. Despite these, the joint auditors issued an unmodified review conclusion, indicating no material misstatements in the results.
Managing director Dinesh Pant, said the performance reflected continued trust from policyholders and the strength of the insurer’s business model. He added that a more diversified product mix, better persistency and steady investment yields were driving the numbers, with first-year and single premium growth standing out.
Operational metrics showed modest improvements. The 13th-month persistency ratio held steady at 69.36 per cent, while the gross NPA ratio for the policyholders’ fund improved to 1.31 per cent from 1.64 per cent a year earlier. The expense of management ratio also eased to 12.38 per cent from 13.47 per cent.
For LIC, the quarter was less about dramatic turns and more about steady momentum. In an industry built on long-term promises, that may be the most reassuring signal of all.
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Hyundai Motor India rolls out nationwide AC check-up camp from April 10
Limited-period service drive offers discounts, free checks to beat summer heat
GURUGRAM: Hyundai Motor India Limited has announced a nationwide AC check-up camp, rolling out from April 10 to April 18, as temperatures climb and car cabins begin to feel the heat.
The initiative is designed to keep vehicles cool and customers comfortable, offering a mix of free inspections, discounted services and value-added benefits across Hyundai’s extensive service network in India.
As part of the limited-period campaign, customers can avail a complimentary 30-point vehicle check-up along with a free dry wash. The company is also offering a 15 per cent discount on AC servicing, including gas refills, and similar savings on wheel alignment and balancing. Key AC components such as compressors, condensers and cooling coils will be available at a 10 per cent discount, while value-added services like AC disinfectant treatments and plastic restoration also come with reduced pricing.
The camp will be hosted across authorised Hyundai workshops nationwide, allowing customers easy access to trained technicians, genuine parts and diagnostic support without the usual hassle.
Speaking on the initiative, Hyundai Motor India Limited national service head Nilesh Shah said, “At HMIL, customer satisfaction and convenience remain at the core of our service philosophy. With the onset of summer, we are pleased to introduce our nationwide AC check-up camp to ensure that our customers enjoy a comfortable and hassle-free driving experience. This initiative reflects our commitment to delivering proactive care and enhancing vehicle performance through our strong service network across India.”
With mercury levels on the rise, Hyundai’s timely service push aims to ensure drivers stay cool behind the wheel while also nudging them towards preventive maintenance, a small check today that could save a larger repair tomorrow.
