Life Insurance Corporation of India (LIC) reports stronger performance in its first-quarter results, with profit rising 23% year-on-year. Alongside the profit increase, LIC says its Value of New Business (VNB) surges 61%, supported by sharply expanding margins. The insurer’s net premium income increases 7% year-on-year to Rs 1.27 lakh crore. LIC also reports a substantial rise in “other income,” which grows to Rs 635 crore from Rs 130 crore in the same quarter of the previous year. These figures point to both higher core premium collection and improved contributions from other sources, alongside benefits from wider margins. The reported metrics reflect improvements across profitability, new business value, premium income, and other income during the quarter. LIC’s results are presented in comparison with the corresponding quarter last year, with growth rates cited for profit, VNB, and net premium income, and with other income showing a significant increase over the same period.