LIC Q4 standalone PAT declines 18%, firm declares dividend of Rs 1.5

LIC on Monday gave 18% decrease in independent net benefit of Rs 2,372 crore for the quarter finishing March 31, 2022. It detailed united net benefit of Rs 2,893 crore in Q4FY21.

Its net premium pay rose 18% to Rs 1.44 trillion for Q4FY22 as against Rs 1.22 trillion in the year-prior period.

The Board of Directors of LIC suggested profit of Rs 1.50 per value share with face worth of Rs 10 each for the year finished March 31, 2022.

BSE shut 1.8% higher at Rs 836.50 organization's pay from speculations came in at Rs67,855.59 crore, practically level contrasted with 67,684.27 crore in year-prior quarter.

Dissolvability proportion of LIC, which got recorded recently, was 1.85 in Q4FY22 when contrasted with 1.77 in Q4FY21.

Its 13-month persistency proportion was at 69.24% in March quarter as against 73.94% a year prior.

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