Bancassurance, Distribution, Life, Life and Health, Results, Savings products

LIC reports strong VNB growth in FY2026 on higher-margin non-participating product mix

LIC’s FY2026 performance was driven by strong growth in annual premium equivalent (APE) and a sharp improvement in value of new business (VNB), supported by a rising contribution from higher-margin non-par products.

Kaushiki Goel

May 25, 2026

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3 min read

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Market conditions continue to evolve as businesses review their priorities and plans for growth. The pace of change varies across the region, with local factors shaping how organisations respond.

Attention is turning to the balance between near-term opportunities and longer-term objectives. Decisions made today will help determine how businesses adapt as conditions develop.

While the outlook remains varied, the broader direction reflects a market adjusting to new demands. The implications will become clearer over time as plans move into practice.