LIC pays ₹12,207.25 crore dividend to government
The Life Insurance Corporation of India (LIC) has paid a dividend of ₹12,207.25 crore to the Indian government for the fiscal year. The payment was presented by LIC's leadership to Finance Minister Nirmala Sitharaman following shareholder approval.
Why it matters
As a state-owned entity, LIC's dividend payments are a significant source of non-tax revenue for the Indian government's fiscal budget.
State-owned Life Insurance Corporation of India (LIC) on Wednesday (July 29, 2026) paid ₹12,207.25 crore dividend to the Centre.
CEO and MD R. Doraiswamy presented the dividend cheque, for ₹12,207.25 crore, to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman as the government of India’s share of dividend, LIC said.
The shareholders had given their approval at the annual general meeting on July 27. LIC said it is completing 70 years and as on March 31, 2026 the asset base stood at ₹59.03 lakh crore. The corporation continues to be the market leader in the Indian life insurance market, the insurer said in a release.
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