DBT Bureau
Pune, 22 May 2026
Life Insurance Corporation of India released the standalone and consolidated financial results for the year ending March 31st, 2026.
The Profit after Tax (PAT) for the year ended March 31st 2026 was ₹57,419 crore as compared to ₹ 48,151 crore for the year ended March 31st 2025, thereby registering an increase of 19.25%.
The Board of Directors has recommended a final dividend of ₹10/- per equity share of ₹ 10/- each (equivalent to ₹ 20/- per equity share pre-bonus issue basis) for the Financial Year2025-26, subject to approval of shareholders in the 5th Annual General Meeting of the Corporation.
In terms of market share measured by First Year Premium Income (FYPI) (as per IRDAI), LIC continues to be the market leader by market share in Indian life insurance business with overall market share of 56.66% for FY26 as compared to 57.05% for the FY25. For the year ended March 31st 2026, LIC had a market share of 36.60% in Individual business and 70.11% in the Group business.
The Total Premium Income for year ended March 31st 2026 was ₹5,35,984 crore as compared to ₹ 4,88,148 crore for the year ended March 31st 2025, registering a growth of 9.80%. The Individual New Business Premium for the year ended March 31st 2026 increased to ₹ 67,676 crore from ₹ 62,495 crore for the comparable period of previous year, registering an increase of 8.29%. The Individual Renewal Premium income for the year ended March 31st ,2026 was ₹2,71,699 crore as compared to ₹2,56,541 crore for the year ended March 31st , 2025, registering an increase of 5.91%. The Total Individual Business Premium for the year ended March 31st, 2026 increased to ₹3,39,375 crore from ₹3,19,036 crore for the comparable period of previous year, registering an increase of 6.37%. The Group Business total premium income for year ended March 31st 2026 was ₹ 1,96,609 crore as compared to ₹ 1,69,112 crore for the year ended March 31st 2025, registering an increase of 16.26%.
A total of 1,84,41,175 policies were sold in the individual segment during the year ended March 31st, 2026 as compared to 1,77,82,975 policies sold during the year ended March 31st, 2025, registering an increase of 3.70%.
On an Annualized Premium Equivalent (APE) basis, the total premium was ₹66,961 crore for the year ended March 31st 2026. Of this 64.72% (₹43,335 crore) was accounted for by the Individual Business and 35.28% (₹23,626 crore) by the Group Business. Within the Individual Business, the share of Par products on APE basis was 64.89% (₹28,121 crore) and balance 35.11% (₹15,214 crore) was due to Non Par products. The Individual Non Par APE has increased from ₹ 10,581 crore for the year ended March 31st, 2025 to ₹15,214 crore for the year ended March 31st 2026, registering a growth of 43.78%. Therefore, on an APE basis, our Non Par share of Individual business, which was 27.69% for theyear ended March 31st, 2025 has grown to 35.11% for the year ended March 31st, 2026.
The Value of New Business (VNB) for the year ended March 31st, 2026 was ₹14,179 crore as compared to ₹10,011 crore for the year ended March 31st, 2025, registering a growth of 41.63%. The Net VNB margin for the year ended March 31st, 2026 increased by 360 bps to 21.2% as compared to 17.6% for the year ended March 31st, 2025.
The Solvency Ratio as on March 31st 2026 increased to 2.35 as against 2.11 on March 31st, 2025.
For the year ended March 31st 2026, the persistency ratios on premium basis f or the 13th month and 61st month were 74.64% and 59.31%, respectively. The comparable persistency ratios for the corresponding year ended March 31st, 2025 were 74.84% and 63.12%, respectively.
For the year ended March 31st, 2026, the persistency ratios on number of policies basis for the 13th month and 61st month were 64.87% and 46.88%, respectively. The comparable persistency ratios for the corresponding period ended March 31st, 2025 were 64.12% and 50.31% respectively.
The Assets Under Management (AUM) increased to ₹57,29,396 crore as on March 31st 2026 as compared to ₹ 54,52,297 crore on March 31st, 2025 registering an increase of 5.08% year on year.
The Overall Expense Ratio for the year ended March 31st, 2026 decreased by 51 bps to 11.91% as compared to 12.42% for the year ended March 31st, 2025.
The Yield on Investments on policyholders funds excluding unrealized gains was 8.92% for the year ended March 31st, 2026 as against 8.65% for year ended March 31st, 2025.
The amount of bonus allocated to policyholders is ₹59,726 crore for the financial year 2025-26 as against ₹ 56,190 crore for the previous financial year 2024-25.
R Doraiswamy, CEO & M D, LIC said – “Financial Year 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than 35% and our VNB margin is more than 21% for the year.
Our strategy of channel diversification has been successful with our Banca and Alternate Channels (BAC) having recorded a growth rate of more than 45% with premium from BAC exceeding ₹ 5,000 Crores in FY26. Finally, it gives me pleasure to mention that our VNB growth has been in excess of 41%. Also recently, we have announced a bonus issue in the ratio of 1:1 to reward our shareholde₹ With regulatory guidance, we are preparing to implement the Indian Accounting Standards (IndAS) norms and are confident about implementing within allowed regulatory time frames. We are convinced about continuing our growth journey and crossing new milestones in the coming yea₹ As we navigate the insurance markets of India, as the leading life insurance company, in the year 2026, we remain immensely grateful to our almost 200 million policyholders for their continued trust spanning seven decades.”
