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flag India's LIC saw record first-day premiums after GST cut, boosting demand for traditional life insurance.

flag India's Life Insurance Corporation (LIC) received over ₹1,100 crore in new premiums on the first day after the government removed the 18% GST on individual traditional life insurance policies, marking a sharp increase compared to its usual monthly retail inflows. flag This move is expected to boost affordability and demand for traditional plans, with industry experts forecasting higher sales. flag In the April–June 2025 quarter, LIC reported a 3.91% year-on-year rise in consolidated net profit to ₹10,957 crore and a 4.7% increase in net premium income to ₹1.196 lakh crore. flag The company maintained its dominant market share, with a first-year premium income share of 63.51%. flag LIC also highlighted progress in expanding non-par products, improving profit margins, and strengthening bancassurance partnerships.

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