BUSINESS: LIC Delivers ₹7,324 Cr Dividend Boost to Government
Dividend Handover to Finance Ministry
Life Insurance Corporation of India (LIC) has disbursed a dividend of ₹7,324.34 crore to the Government of India for the financial year 2024–25.
The dividend cheque was formally presented to Finance Minister Nirmala Sitharaman by LIC Chief Executive Officer and Managing Director R. Doraiswamy.
The occasion was also attended by Financial Services Secretary M. Nagaraju, Joint Secretary Prashant Kumar Goyal, and other senior officials of LIC.
Approval at Annual General Meeting
This dividend payout was sanctioned at LIC’s Annual General Meeting held on August 26, 2025.
The move underscores the insurer’s continued commitment to delivering shareholder value, with the Government of India being its principal stakeholder.
Robust Asset Base
As of March 31, 2025, LIC reported assets under management (AUM) worth ₹56.23 lakh crore, reinforcing its position as one of the largest institutional investors in the country.
The corporation’s substantial financial clout highlights its pivotal role in capital markets and long-term infrastructure financing.
Market Leadership in Life Insurance
LIC reaffirmed that it remains the market leader in the domestic life insurance sector.
With a vast customer base, extensive distribution network, and legacy of trust, the insurer continues to be the dominant force shaping India’s insurance landscape.