LIC's Q1 net profit rises 23% to ₹13,492 crore on higher premium income

•LIC's Q1 net profit rose 23% to ₹13,492 crore, driven by higher premium income and investment income.

•Total premium income increased 6.7% YoY to ₹1.27 trillion, with group business premium up 9% YoY to ₹51,834 crore.

•Value of new business (VNB) grew 61.3% YoY to ₹3,136 crore, with VNB margin improving by 750 basis points to 22.9%.