Question

Profit and loss in LIC? ​

Answer 1

L - Life

I - Insurance

C - Corporation of India

It is a public sector company in India that mainly deals with life insurance products and investment plans.

The main business of the company is to provide loans for purchase or construction of residential property.

The company had posted a net profit of Rs. 607.29 crores during the same quarter of the previous financial year.

Answer 2

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