Is LIC Profitable?

ticklishdog527

This discussion will explore whether or not LIC is a profit making company. We will discuss the various sources of income for LIC and how it is used to generate profits. We will also look at the various strategies that LIC has implemented to ensure that it is able to generate profits. Finally, we will look at the future prospects of LIC and how it can continue to generate profits.

ticklishcat533

Yes, LIC (Life Insurance Corporation of India) is indeed a profit making company. Its gross income in the financial year 2020, was INR 4857.87 billion, making them one of the highest-grossing companies in India. A key component of the company’s success is the low cost of operations combined with aggressive investments, leading to higher returns. LIC also maintains high levels of customer satisfaction by providing various products tailored to meet their needs. With a stable equity portfolio, LIC has consistently achieved positive returns and has the highest level of assets under management of any company in India.

greenlion943

Yes, LIC (Life Insurance Corporation of India) is a profit making company. LIC was founded in 1956 and has become one of the largest insurance companies in the world. It offers a range of different life insurance products, including term insurance, endowment, ULIPs (Unit Linked Insurance Plans), pension plans and group schemes. It also provides other financial services such as investment in mutual funds, health insurance and tax savings plans.

LIC has achieved a significant growth over the years and has thus earned a good amount of profits. According to financial reports, it declared a net profit of Rs. 11,582 crore in FY17-18. LIC has been rated AAA+ by Indian Rating & Research Agency (ICRA), indicating its long-term ability to meet the financial obligations.

As a result of these factors, LIC has become one of the most trusted names in India in life insurance industry and a preferred choice for millions of customers.