LIC received refund orders for Rs 21,740 crore from Income Tax Department
In terms of market share measured by First Year Premium Income (as per IRDAI), LIC continues to be the market leader by market share in Indian life insurance business with overall market share of 58.90 per cent.
LIC's Profit after Tax (PAT) for the nine months period ended December 31, 2023 was Rs 26,913 crore. Image: Reuters