08-11-2024 04:36 PM | Source: Reuters
Life Insurance Corp of India`s Q2 profit falls

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quart the country's biggest insurer, posted a 3.8% fall in second-quarter profit on Friday as it paid out more benefits than the premiums it earned.

LIC's profit after tax fell to 76.21 billion rupees ($903.6 million) for the quarter ended Sept. 30 from 79.25 billion rupees a year earlier.

($1 = 84.3400 Indian rupees)qua