Mumbai: LIC Has said that it will take more time to arrive at its underlying value. The corporation has said that it will be in a position to declare this key number by July 15.
Unlike most businesses, a . Display of life insurance The company is determined by the future profits that policies sold during the year will bring. This is a complicated calculation because it factors in interest rates and lapses. LIC has developed new software to arrive at embedded value on quarterly basis.
LIC declared its results on May 31 when it reported a profit of Rs 2,372 crore for the quarter ended March and Rs 4,043 crore for 2021-22. From analysts’ point of view, however, the results were incomplete as LIC did not disclose new business profits and embedded value. Officials said the computation of these is time-consuming as LIC has over 280 products and the profitability has to be calculated for each product separately.
Unlike most businesses, a . Display of life insurance The company is determined by the future profits that policies sold during the year will bring. This is a complicated calculation because it factors in interest rates and lapses. LIC has developed new software to arrive at embedded value on quarterly basis.
LIC declared its results on May 31 when it reported a profit of Rs 2,372 crore for the quarter ended March and Rs 4,043 crore for 2021-22. From analysts’ point of view, however, the results were incomplete as LIC did not disclose new business profits and embedded value. Officials said the computation of these is time-consuming as LIC has over 280 products and the profitability has to be calculated for each product separately.