General information about company |
|
|---|---|
| Scrip code | 543526 |
| NSE Symbol | LICI |
| MSEI Symbol | NA |
| ISIN | INE0J1Y01017 |
| Name of company | Life Insurance Corporation Of India |
| Class Of Security | Equity |
| Type Of Insurance | Non-Linked Policy And Linked Policy |
| Date of start of financial year | 01-Apr-2024 |
| Date of end of financial year | 31-Mar-2025 |
| Date of board meeting when results were approved | 07-Feb-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 20-Jan-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Crores |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited | Unaudited |
| Start date and time of board meeting | 07-Feb-2025 12:45 |
| End date and time of board meeting | 07-Feb-2025 17:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
Format for financial results by life insurance companies filed with stock exchanges |
|||
|---|---|---|---|
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Policyholders' Accounts | |||
| 1 | Income | ||
| (i) | Gross premium income | ||
| (a) | First Year Premium | 733359.00 | 2609601.00 |
| (b) | Renewal Premium | 6492286.00 | 18386448.00 |
| (c) | Single Premium | 3517185.00 | 13230673.00 |
| Gross premium income | 10742830.00 | 34226722.00 | |
| (ii) | Net premium income | 10730230.00 | 34185820.00 |
| (iii) | Income from investments (Net) | 9485435.00 | 30072667.00 |
| (iv) | Other income | ||
| 1 | Other income | 15740.00 | 45450.00 |
| 2 | Share of profit of assoicates | 53881.00 | 340696.00 |
| 3 | Minority interest | 3.00 | -2324.00 |
| Total other income | 69624.00 | 383822.00 | |
| (v) | Transfer Of Funds From Shareholders Account | 61663.00 | 202979.00 |
| (vi) | Total Income | 20346952.00 | 64845288.00 |
| 2 | Expenses | ||
| (i) | Commission on | ||
| (a) | First Year Premium | 250090.00 | 776126.00 |
| (b) | Renewal Premium | 336345.00 | 953414.00 |
| (c) | Single Premium | 13151.00 | 38909.00 |
| Total Commission | 599586.00 | 1768449.00 | |
| (ii) | Net Commission | 599585.00 | 1768390.00 |
| (iii) | Operating Expenses related to insurance business | ||
| (a) | Employees remuneration and welfare expenses | 670443.00 | 2100404.00 |
| (b) | Administration expenses | 120697.00 | 400918.00 |
| (c) | Advertisement and publicity | 11865.00 | 33679.00 |
| (b) | Other operating expenses | ||
| 1 | Rent Rates & Taxes | 20655.00 | 58406.00 |
| 2 | Repairs | 3806.00 | 11565.00 |
| 3 | Auditors' fees | 962.00 | 1209.00 |
| 4 | Interest & Bank Charges | 2062.00 | 8809.00 |
| 5 | Expenses on Investment Property | 4419.00 | 11377.00 |
| 6 | Electricity Charges | 5128.00 | 17399.00 |
| 7 | Depreciation | 11234.00 | 34577.00 |
| Total other operating expenses | 48266.00 | 143342.00 | |
| Total operating expenses related to insurance business | 851271.00 | 2678343.00 | |
| Total Expenses of Management | 1450856.00 | 4446733.00 | |
| (iv) | Provisions for doubtful debts (including bad debts written off) | -1759.00 | -53068.00 |
| (v) | Provisions for diminution in value of investments | 29593.00 | -22288.00 |
| (vi) | Goods & Service tax charge on linked charges | 5691.00 | 13746.00 |
| (vii) | Provision for taxes | ||
| Current Tax | 173343.00 | 449437.00 | |
| Deffered Tax | 0.00 | 0.00 | |
| Total provision of taxes | 173343.00 | 449437.00 | |
| (viii) | Benefits Paid (Net) | 9653128.00 | 27781885.00 |
| (ix) | Change in actuarial liability | 7893127.00 | 28968854.00 |
| Total Expenses | 19203979.00 | 61585299.00 | |
| 3 | Net Surplus(Deficit) | 1142973.00 | 3259989.00 |
| 4 | Appropriations | ||
|---|---|---|---|
| (a) | Transferred to Shareholders A/c | 1084519.00 | 2900751.00 |
| (b) | Funds for Future Appropriation | 58454.00 | 359238.00 |
| 5 | Details of Surplus / Deficit | ||
| (a) | Interim bonus paid | 94041.00 | 252928.00 |
| (b) | Allocation of bonus to policyholders | 9517.00 | 9517.00 |
| (c) | Surplus shown in the Revenue Account | 1142973.00 | 3259989.00 |
| (d) | Terminal bonus paid | 0.00 | 0.00 |
| Total Surplus (Deficit ) | 1246531.00 | 3522434.00 | |
| SHAREHOLDERS ' Account | |||
|---|---|---|---|
| 1 | Income | ||
| (i) | Transfer from Poliycholders' Account | 1084519.00 | 2900751.00 |
| (ii) | Income under Shareholders' Account | ||
| (a) | Investment Income | 159467.00 | 425066.00 |
| (b) | Other income | ||
| 1 | Other income | 4399.00 | 12908.00 |
| Total Other income | 4399.00 | 12908.00 | |
| Total income under shareholders account | 163866.00 | 437974.00 | |
| Total Income | 1248385.00 | 3338725.00 | |
| 2 | Expenses | ||
| (i) | Expenses other than those related to insurance business | 38802.00 | 69130.00 |
| (ii) | Transfer of funds to policyholders account | 107304.00 | 339905.00 |
| (iii) | Provisions for doubtful debts (including write off) | 0.00 | 0.00 |
| (iv) | Provisions for diminution in value of investments | 440.00 | -797.00 |
| Total Expenses | 146546.00 | 408238.00 | |
| 3 | Profit/ (loss) before tax | 1101839.00 | 2930487.00 |
| 4 | Provisions for tax | 974.00 | 2321.00 |
| (i) | Current tax | 974.00 | 2321.00 |
| (ii) | Deffered tax | 0.00 | 0.00 |
| 5 | Profit / (loss) after tax and before Extraordinary Items | 1100865.00 | 2928166.00 |
| 6 | Extraordinary Items (Net of tax expenses) | 0.00 | 0.00 |
| 7 | Profit/ (loss) after tax and Extraordinary Items | 1100865.00 | 2928166.00 |
| 8 | Dividend per share | ||
| (a) | Interim Dividend | 0.00 | 0.00 |
| (b) | Final Dividend | 0.00 | 0.00 |
| 9 | Profit/(Loss) carried to Balance Sheet | 10118185.00 | 10118185.00 |
| 10 | Paid up equity share capital | 632500.00 | 632500.00 |
| 11 | Reserve & Surplus (excluding Revaluation Reserve) | 10214415.00 | 10214415.00 |
| 12 | Fair Value Change Account and Revaluation Reserve (Shareholders) | -14126.00 | -14126.00 |
| 13 | Assets | ||
| (i) | Investments: | ||
| (a) | Shareholders | 9400084.00 | 9400084.00 |
| (b) | Policyholders Fund excluding Linked Assets | 520957930.00 | 520957930.00 |
| (c) | Assets held to cover Linked Liabilities | 4376711.00 | 4376711.00 |
| Total Investments | 534734725.00 | 534734725.00 | |
| (b) | Other Assets (Net of current liabilities and provisions) | 23878871.00 | 23878871.00 |
| Total Assets | 558613596.00 | 558613596.00 | |
| 14 | Analytical Ratios | ||
| (i) | Solvency Ratio | 0.02 | 0.02 |
| (ii) | Expenses of Management Ratio | 0.14 | 0.13 |
| (iii) | Policyholder 's liabilities to shareholders' fund | 504800000 | 504800000 |
| (iv) | Earnings per share (Rs.): | ||
| (a) | Basic and diluted EPS before extraordinary items (net of tax expense) for the period (not to be annualized) | 17.4 | 46.3 |
| (b) | Basic and diluted EPS after extraordinary items (net of tax expense) for the period (not to be annualized) | 17.4 | 46.3 |
| (v) | NPA ratios: (for policyholders' fund) | ||
| (a) | Gross NPAs | ||
| Non Linked | |||
| Par | 954872 | 954872 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 11422 | 11422 | |
| Net NPAs | |||
| Non Linked | |||
| Par | 758 | 758 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| % of Gross NPAs | |||
| Non Linked | |||
| Par | 0.02 | 0.02 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0.13 | 0.13 | |
| % of Net NPAs | |||
| Non Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0 | 0 | |
| (vi) | Yield on Investments (on policyholders' fund) | ||
| (a) | Without unrealised gains | ||
| Non Linked | |||
| Par | 0.08 | 0.08 | |
| Non Par | 0.1 | 0.1 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | 0.1 | 0.1 | |
| (b) | With unrealised gains | ||
| Non Linked | |||
| Par | -0.06 | 0.09 | |
| Non Par | -0.07 | 0.1 | |
| Linked | |||
| Par | 0 | 0 | |
| Non Par | -0.29 | 0.1 | |
| (vii) | NPA ratios: (for shareholders' fund) | ||
| (a) | Gross NPAs | 6960 | 6960 |
| Net NPAs | 0 | 0 | |
| (b) | Percentage of Gross NPAs | 0.02 | 0.02 |
| Percentage of Net NPAs | 0 | 0 | |
| (viii) | Yield on Investments (on shareholders' fund) | ||
| (a) | Without unrealised gains | 691.00 | 694.00 |
| (b) | With unrealised gains | 538.00 | 702.00 |
| (ix) | Persistency Ratio | ||
| 1 | 13th Month | 0.69 | 0.77 |
| 2 | 25th Month | 0.65 | 0.72 |
| 3 | 37th Month | 0.61 | 0.67 |
| 4 | 49th Month | 0.56 | 0.63 |
| 5 | 61st Month | ||
| (ix) | Other Rations | ||
| (x) | Conservation Ratio | 0.91 | 0.91 |
| (xi) | Percentage of shares held by Government of India (in case of public sector insurance companies) | 0.97 | 0.97 |
| Investor Compliants | |||
|---|---|---|---|
| (i) | No of investor complaints pending at the beginning of the period | 18 | 24 |
| (ii) | No of investor complaints during the period | 358 | 1541 |
| (iii) | No of investor complaints disposed off during the period | 376 | 1565 |
| (iv) | No of investor complaints remaining unresolved at the end of the period | 0 | 0 |
| (c) | Notes Format for financial results by life insurance companies filed with stock exchanges |
|---|---|
Format for financial results by life insurance companies filed with stock exchanges | |||
|---|---|---|---|
| Partiuclars | Current Quarter | Year to Date Figures | |
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Income | |||
| 1 | Name of segment | Life Participating | |
| (i) | Net premium | 6771836.00 | 19597082.00 |
| (ii) | Income form investments | 6025179.00 | 18885266.00 |
| (iii) | Transfer of funds from shareholders' account | 60824.00 | 180365.00 |
| (iv) | Other income | 5300.00 | 14273.00 |
| 2 | Name of segment | Pension Participating | |
| (i) | Net premium | 9162.00 | 22974.00 |
| (ii) | Income form investments | 76184.00 | 227303.00 |
| (iii) | Transfer of funds from shareholders' account | 481.00 | 1442.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 3 | Name of segment | Annuity Participating | |
| (i) | Net premium | 48.00 | 130.00 |
| (ii) | Income form investments | 8976.00 | 26683.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 4 | Name of segment | Life Non Participating | |
| (i) | Net premium | 1469256.00 | 4807114.00 |
| (ii) | Income form investments | 1811732.00 | 5094433.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 6770.00 | 20834.00 |
| 5 | Name of segment | Pension Non Participating | |
| (i) | Net premium | 1776940.00 | 7669589.00 |
| (ii) | Income form investments | 1509123.00 | 4705724.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 3698.00 | 10418.00 |
| 6 | Name of segment | Annuity Non Participating | |
| (i) | Net premium | 302334.00 | 1068739.00 |
| (ii) | Income form investments | 288094.00 | 856684.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 7 | Name of segment | Variable Non Participating | |
| (i) | Net premium | 59.00 | 223.00 |
| (ii) | Income form investments | 276.00 | 673.00 |
| (iii) | Transfer of funds from shareholders' account | -77.00 | 0.00 |
| (iv) | Other income | -3.00 | -9.00 |
| 8 | Name of segment | Health Non Participating | |
| (i) | Net premium | 3873.00 | 12259.00 |
| (ii) | Income form investments | 1714.00 | 4831.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 10026.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 9 | Name of segment | Linked Life Non Participating | |
| (i) | Net premium | 351475.00 | 894822.00 |
| (ii) | Income form investments | -199029.00 | 172766.00 |
| (iii) | Transfer of funds from shareholders' account | 435.00 | 435.00 |
| (iv) | Other income | -25.00 | -66.00 |
| 10 | Name of segment | Linked Pension Non Participating | |
| (i) | Net premium | 44146.00 | 109780.00 |
| (ii) | Income form investments | -56928.00 | 61374.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 9887.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 11 | Name of segment | Linked Health Non Participating | |
| (i) | Net premium | 1025.00 | 3019.00 |
| (ii) | Income form investments | -4962.00 | 14996.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 824.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 12 | Name of segment | Capital Redemption Annuity certain Non Participating | |
| (i) | Net premium | 76.00 | 89.00 |
| (ii) | Income form investments | 397.00 | 1208.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 0.00 |
| 13 | Name of segment | Shareholders | |
| (i) | Net premium | 0.00 | 0.00 |
| (ii) | Income form investments | 159045.00 | 426529.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 4399.00 | 12908.00 |
| 14 | Name of segment | Unallocated | |
| (i) | Net premium | 0.00 | 0.00 |
| (ii) | Income form investments | 0.00 | 0.00 |
| (iii) | Transfer of funds from shareholders' account | 0.00 | 0.00 |
| (iv) | Other income | 0.00 | 0.00 |
Format for financial results by life insurance companies filed with stock exchanges |
|||
| Partiuclars | Current Quarter | Year to Date Figures | |
|---|---|---|---|
| Date of start of reporting period | 01-Oct-2024 | 01-Apr-2024 | |
| Date of end of reporting period | 31-Dec-2024 | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | Unaudited | |
| Segment Surplus/(Deficit) (net of transfer from shareholders' A/c) | |||
| 1 | Life Participating | 44435.00 | 356602.00 |
| 2 | Pension Participating | 6740.00 | 3303.00 |
| 3 | Annuity Participating | 2452.00 | 8523.00 |
| 4 | Life Non Participating | 985209.00 | 2636477.00 |
| 5 | Pension Non Participating | 63471.00 | 145435.00 |
| 6 | Annuity Non Participating | 35680.00 | 58136.00 |
| 7 | Variable Non Participating | 173.00 | 96.00 |
| 8 | Health Non Participating | 12259.00 | 25074.00 |
| 9 | Linked Life Non Participating | -8842.00 | -435.00 |
| 10 | Linked Pension Non Participating | -735.00 | 20968.00 |
| 11 | Linked Health Non Participating | 931.00 | 3837.00 |
| 12 | Capital Redemption Annuity certain Non Participating | 842.00 | 1538.00 |
| 13 | Shareholders | 0.00 | 0.00 |
| 14 | Unallocated | 0.00 | 0.00 |
| Notes Segment Surplus/(Deficit) (net of transfer from shareholders' A/c) | |||
Format for financial results by life insurance companies filed with stock exchanges |
||
|---|---|---|
| Partiuclars | Current Quarter | |
| Date of start of reporting period | 01-Oct-2024 | |
| Date of end of reporting period | 31-Dec-2024 | |
| Whether accounts are audited or unaudited | Unaudited | |
| Segment Assets | ||
| 1 | Life Participating | 344181980.00 |
| 2 | Pension Participating | 4167273.00 |
| 3 | Annuity Participating | 545433.00 |
| 4 | Life Non Participating | 95055992.00 |
| 5 | Pension Non Participating | 84128838.00 |
| 6 | Annuity Non Participating | 16328858.00 |
| 7 | Variable Non Participating | 10534.00 |
| 8 | Health Non Participating | 63277.00 |
| 9 | Linked Life Non Participating | 3305512.00 |
| 10 | Linked Pension Non Participating | 893457.00 |
| 11 | Linked Health Non Participating | 204622.00 |
| 12 | Capital Redemption Annuity certain Non Participating | 17436.00 |
| 13 | Shareholders | 9710384.00 |
| 14 | Unallocated | 0.00 |
Format for financial results by life insurance companies filed with stock exchanges |
|||
|---|---|---|---|
| Partiuclars | Current Quarter | ||
| Date of start of reporting period | 01-Oct-2024 | ||
| Date of end of reporting period | 31-Dec-2024 | ||
| Whether accounts are audited or unaudited | Unaudited | ||
| Segment Liabilities | |||
| 1 | Life Participating | 344130264.00 | |
| 2 | Pension Participating | 4167273.00 | |
| 3 | Annuity Participating | 545433.00 | |
| 4 | Life Non Participating | 94070783.00 | |
| 5 | Pension Non Participating | 84065367.00 | |
| 6 | Annuity Non Participating | 16293178.00 | |
| 7 | Variable Non Participating | 10361.00 | |
| 8 | Health Non Participating | 51018.00 | |
| 9 | Linked Life Non Participating | 3314734.00 | |
| 10 | Linked Pension Non Participating | 894192.00 | |
| 11 | Linked Health Non Participating | 203690.00 | |
| 12 | Capital Redemption Annuity certain Non Participating | 16594.00 | |
| 13 | Shareholders | 10850709.00 | |
| 14 | Unallocated | 0.00 | |