Mumbai, Aug. 7 -- Total income increased 7.01% YoY to Rs 2,40,390.96 crore, while profit before tax (PBT) climbed 20.59% to Rs 15,182.28 crore during the quarter.

LIC's total premium income grew 6.75% YoY to Rs 1,27,250 crore. Group business premium rose 8.61% to Rs 51,834 crore, while individual business premium increased 5.52% to Rs 75,416 crore during the period under review.

The insurer sold 31.02 lakh individual policies during the quarter, up 2.06% from 30.40 lakh policies in the year-ago period, reflecting steady growth in its retail business.

On an Annualized Premium Equivalent (APE) basis, total premium stood at Rs 13,692 crore. Individual business contributed Rs 7,532 crore, accounting for 55.01% of APE, while group business ...