LIC flags pressure on customer incomes even as Q1 profit rises 23%
· livemint.com
LIC expects pressure on household savings to continue, weighing on premium growth, while a shift towards higher-margin non-par products helped boost profitability and strengthened the insurer's capital position in the June quarter.
Life Insurance Corp. of India Ltd (LIC) delivered stronger profitability in the June quarter, but the country's largest insurer warned that shrinking household ...