New Delhi: Life Insurance Corporation of India (LIC), the country’s largest state-owned insurance company, has disbursed a dividend of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the financial year 2024-25. The payment marks a significant contribution to the government’s revenue from one of India’s most vital public sector enterprises.
Dividend Approved at LIC’s Annual General Meeting
The dividend payout was formally approved during LIC’s Annual General Meeting held on August 26, 2025. LIC, which remains a dominant player in the Indian life insurance market, issued an official statement confirming the transfer of the dividend amount to the Finance Ministry.
Presentation Ceremony at LIC Headquarters
The dividend cheque was handed over to Finance Minister Nirmala Sitharaman by LIC’s CEO and Managing Director, R Doraiswamy, in a ceremony held at LIC’s Corporate Office. The event was also attended by senior officials from the Department of Financial Services, including Secretary M Nagaraju and Joint Secretary Parshant Kumar Goyal, alongside top executives from LIC.
LIC’s Strong Asset Base and Market Leadership
As of March 31, 2025, LIC’s asset base stood at a robust Rs 56.23 lakh crore, underscoring its financial strength and stability. The company continues to maintain its position as the market leader in India’s life insurance sector, catering to millions of policyholders nationwide.
Contribution to Government Finances
LIC’s dividend payment forms an important component of the government’s non-tax revenue and helps fund various public expenditures. The sizeable payout from LIC demonstrates its continued profitability and financial health, reinforcing its critical role in India’s economic framework.
Looking Ahead
With ongoing efforts to enhance operational efficiency and expand its product portfolio, LIC aims to sustain its growth momentum in the coming years. The company’s strategic initiatives focus on digital transformation, customer-centric services, and strengthening its market presence, ensuring continued support to the nation’s fiscal health.
About LIC
The Life Insurance Corporation of India (LIC) is a statutory corporation established under the LIC Act of 1956. It is India’s largest insurance company and the largest institutional investor. LIC’s primary goal is to provide life insurance and financial security to individuals, with a focus on spreading insurance widely, especially in rural areas.
