LIC has improved market share to 68.57% until July 2022 from 65.42% at the end of June. The market share for the public sector giant is also higher than the 65.11% reported a year ago. LIC collected a total premium of ₹29,117 crore in July 2022, more than double the ₹12,031 crore it had collected a year earlier.
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The company’s board also recommended a final dividend of Rs 2.10 per equity share for the financial year 2024–25.