LIC Q2 preview: APE may drop up to 10% YoY on high base, but margin stability offers comfort. 7 things to track

November 5, 2025

LIC is set to announce its September quarter results on Thursday, with brokerages expecting up to a 10% year-on-year drop in its Annual Premium Equivalent (APE) to Rs 14,840–16,380 crore. Estimates for Value of New Business (VNB) range between Rs 2,374 crore and Rs 3,018 crore.

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