04-July-2026
Corporate News
 
LIC’s policyholder payouts near Rs 5 lakh crore in FY26
04-Jul-2026

Life Insurance Corporation of India (LIC) paid Rs 4.96 lakh crore in benefits to policyholders during FY26, equivalent to 93% of its net premium income for the year. Total benefits paid by the country’s largest life insurer rose 19% year-on-year from Rs 4.16 lakh crore in FY25. Benefit payouts in life insurance include death claims, maturity benefits, annuity and pension payments, surrenders, withdrawals, interim bonus and other policyholder claims.

News Source:- https://www.financialexpress.com/business/news/lics-policyholder-payouts-near-rs-5-lakh-crore-in-fy26/4283062/?ref=hometop_hp