Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · LIFE INSURA CORP OF INDIA · 28 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
LIFE INSURA CORP OF INDIA NSE: LICI · BSE: 543526
Financial Services › Financial Services › Insurance › Life Insurance
LIFE INSURA CORP OF INDIA
StateQ1 FY27 filed
Last close · 27 Oct 2026₹387.70
Market cap—
TTM P/E · P/B · EV/EBITDA— · — · —
Sells life insurance, pension, and protection products to Indian households and corporate groups through a multi-channel distribution network. Earns primarily by collecting premiums and earning investment returns on a ₹57,29,396 crore asset base. The individual life insurance business generated ₹67,676 crore of new business premium in FY26, spanning participating, non-participating, unit-linked, and protection plans. Group insurance accounts for a 70.11% share of the group's first-year premium market. Bancassurance and alternate channels crossed the ₹5,000 crore new business premium milestone for the first time, growing 45.19% year-on-year to ₹5,076 crore. The dominant cost drivers are insurance claims paid out — ₹19,020 crore on death claims covering 8.30 lakh lives and ₹2,37,353 crore on maturity claims covering 2.41 crore policyholders — alongside an 11.91% operating expense ratio. Around 1.5 million agents and digital platforms such as the ANANDA app (policies up 56% year-on-year) drive sales. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Individual life insurance, Group life insurance, Bancassurance and alternate channels, Investment income on policyholders' funds. Large state-owned life insurer with an asset-heavy investment portfolio; product mix shifting from participating to non-participating products
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY23–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY23
FY25
FY26
Revenue
—
—
—
EBITDA (ex other income)
—
—
—
margin %
—
—
—
Owners' profit
35,997
48,320
57,453
EPS, as reported (₹)
—
—
—
ROE % · ROCE %
— · —
— · —
— · —
Debt / equity (x)
—
—
—
Cash from operations
54,519
(9,145)
(26,211)
Capex
(886)
(777)
(1,116)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · LIFE INSURA CORP OF INDIA · 28 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 7 quarters
₹ crore
Q4 FY23
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
—
—
—
—
—
—
—
Profit before tax
13,191
19,046
10,986
10,202
12,880
23,457
13,686
Net profit
13,191
19,039
10,957
10,098
12,930
23,467
13,584
EPS (₹)
—
—
—
—
—
—
—
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
MAX FINANCIAL SERV LTD
42,492
384.8
6.62
—
1.6
—
8.8
1.2
LIFE INSURA CORP OF INDIA ◆
—
—
—
—
—
—
—
—
HDFC LIFE INS CO LTD
—
—
—
—
—
—
—
—
ICICI LIFE INSURANCE LTD
—
—
—
—
—
0.6
—
—
SBI LIFE INSURANCE CO LTD
—
—
—
—
—
—
—
—
CANARA HSBC LIFE INS CO L
—
—
—
—
—
—
—
—
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
Profit growth
24.0
21.9
5 of 12
64%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · LIFE INSURA CORP OF INDIA · 28 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
Next day %
5-day %
14 Oct 2026 · LIC board meeting on Nov 5 to approve Q2 FY27 results
results
low
—
—
12 Oct 2026 · LIC to launch three new insurance products on October 19, 2026
business updates
medium
—
—
8 Oct 2026 · LIC re-designates Sonija M.S. as Chief (I/C) Finance and Accounts
management changes
medium
—
—
7 Oct 2026 · LIC board appoints 5 new Independent Directors effective Oct 07, 2026
management changes
medium
—
—
7 Oct 2026 · LIC appoints 5 Independent Directors for 4-year term
management changes
medium
—
—
7 Oct 2026 · LIC appoints 5 Independent Directors effective October 7, 2026
management changes
medium
—
—
7 Oct 2026 · LIC appoints 5 Independent Directors effective October 7 2026
management changes
medium
—
—
7 Oct 2026 · LIC appoints 5 Independent Directors for 4-year term effective Oct 7, 2026
management changes
medium
—
—
6 Oct 2026 · LIC files quarterly dematerialisation certificate with BSE and NSE
compliance
minimal
—
—
30 Sept 2026 · LIC: Four Senior Management Personnel to superannuate on Sept 30, 2026
management changes
medium
—
—
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
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Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
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A target price and upside
The current price and the multiples against the group
a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
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Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
