Life Insurance Corporation of India (LIC) reported a robust 49% growth in net profit at Rs 9,444 crore for Q3FY24, compared to Rs 6,334 crore in the previous year. Total income crossed the Rs 2 lakh crore mark, reaching Rs 2,12,447 crore. However, changes in accounting policies led to a non-comparable profit for this quarter. Net premium income increased by 4.67% to Rs 1.17 lakh crore. LIC declared an interim dividend of Rs 4 per share. The value of new business surged to Rs 2,634 crore. Notably, gross non-performing assets saw a significant improvement, dropping to 2.15% from 5.02% in the previous year.