Life Insurance Corporation Of India — PPTs, 14-11-2024: Investor Presentation

**Financial Highlights:**

In the first half of FY25, LIC reported total premium income of INR 2,33,671 crore, up from INR 2,05,760 crore in the same period last year, reflecting strong demand. The individual new business premium reached INR 1,15,158 crore, while the total group business premium increased significantly to INR 88,975 crore from INR 70,977 crore year-on-year. Market share in total premium improved to 61.07%, up from 58.50% in H1 FY24, indicating robust growth.

**Strategic Initiatives and Growth Drivers:**

LIC continues to diversify its product mix, focusing on enhancing its share of non-participating products within individual business lines. The digital transformation strategy is gaining momentum, aligning infrastructure investments with growth objectives while maintaining a robust agency channel complemented by bancassurance partnerships.

**Business Developments:**

The introduction of innovative products aligns with growing customer needs, reflected in the increasing number of policies sold. The company aims to strengthen its distribution network through enhanced training and development for agents.

**Market Position and Competitive Advantage:**

LIC remains the largest life insurer in India by premium collected, holding a significant market share in both new business and total policies sold. The corporation's extensive network spans across 92% of districts in India, enhancing its competitive positioning.

**Investor Implications:**

Overall, LIC's positive performance and strategic direction suggest a favorable outlook for investors, driven by consistent business growth and an expanding product portfolio. However, potential risks such as regulatory changes and market competition should be monitored closely.