LIC Q3 Results: Profit jumps 17% as tax cuts boost insurance demand
Life Insurance Corporation of India reported a 17% rise in third-quarter profit on Thursday, aided by higher premium collections on tax cut-spurred retail demand for insurance products. The insurer’s net profit rose to 129.58 billion rupees ($1.43 billion) for the three months ended December 31, up from 110.56 billion rupees a year earlier. Indian insurers…