Life Insurance Corporation (LIC), India’s largest life insurer, has reported a 49.68 per cent fall in net profit to Rs 7,925 crore for the quarter ended September against Rs 15,952 crore in the same period a year ago.
The insurer’s net premium income declined to 18.70 per cent to Rs 1,07,396 crore for the quarter ended September against Rs 1,32,104 crore a year ago.
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