New Delhi, Aug. 6 -- Life Insurance Corporation of India (LIC) on Thursday reported a net profit of Rs.13,492 crore for the June quarter, marking a 22.8% year-on-year (YoY) increase from Rs.10,986 crore in the corresponding quarter last year.

The insurer's total premium income rose 6.8% YoY to Rs.1,27,250 crore, compared with Rs.1,19,194 crore in the year-ago period. Within the premium mix, first-year premium increased 22.5% YoY to Rs.9,217 crore, renewal premium grew 3.3% to Rs.61,833 crore, while single premium rose 8.7% to Rs.56,369 crore.

Value of New Business (VNB) increased 61.3% YoY to Rs.3,136 crore from Rs.1,944 crore a year ago, while the net VNB margin expanded by 750 basis points to 22.9% from 15.4% in Q1FY26.

Individual ne...