LIC Chair talks about Q4 performance, dividend & Adani investment and more

LIC’s group insurance contributed substantially to its business in the last quarter, leading to a dip, but for the whole year, the group contributed towards more than 20% growth. The insurer’s total first-year premium income growth for the year is 16.67%. Despite already achieving its VNB margin target of 16% earlier than anticipated, LIC is confident of exceeding it in the coming years after having consciously changed its product mix.