Now Reading: LIC pays ₹12,207.25 crore dividend to government
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LIC pays ₹12,207.25 crore dividend to government
State-owned Life Insurance Corporation of India (LIC) paid a dividend of ₹12,207.25 crore to the central government on Wednesday, according to The Hindu. CEO and MD R. Doraiswamy handed the cheque to…
The Story in Brief
State-owned Life Insurance Corporation of India (LIC) paid a dividend of ₹12,207.25 crore to the central government on Wednesday, according to The Hindu. CEO and MD R. Doraiswamy handed the cheque to Finance Minister Nirmala Sitharaman in New Delhi. Shareholders had approved the payout at the annual general meeting on July 27. LIC, which is completing 70 years, said its asset base stood at ₹59.03 lakh crore as on March 31, 2026. The corporation remains the market leader in Indian life insurance.
The Indian Opinion
The truth of this dividend lies somewhere between a trophy and a tax. LIC's ₹12,207 crore cheque is held up as proof of PSU efficiency, yet the same government that takes the money also owns the insurer entirely. That circular logic does not address a real test: whether LIC can grow its market share in a sector where private players are chipping away. Watch next quarter's new business premium number for the honest story.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
