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10-11-2023 05:57 PM | Source: Reuters
India`s top insurer LIC reports Q2 profit fall on lower premium income
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Life Insurance Corporation of India reported second-quarter profit that halved on Friday, hurt by a fall in premium income.
The company posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept. 30, compared to 159.52 billion rupees a year ago.
Net premium income dropped 18.7% to 1.07 billion rupees.
($1 = 83.2970 Indian rupees)
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