LIC profit grows 5% despite lower equity gains in a volatile Q1

LIC posted a 5% rise in net profit to ₹10,986 crore, even as capital gains from equity sales moderated. The insurer's core operations remained robust, with a 20.75% increase in the value of new business. LIC is targeting double-digit profit growth and is intensifying its focus on expanding the non-participating segment, which now accounts for over 30% of its overall portfolio.