Life Insurance Corporation of India (LIC) reported a 38% increase in Q4 consolidated net profit to ₹190.40 billion, surpassing market expectations. The company declared a dividend of ₹12.00 per equity share. However, LIC faced challenges in new business growth, with declines in Annualized Premium Equivalent (APE), New Business Premium, and Value of New Business (VNB) for the quarter. The VNB margin for the fiscal year stood at 17.60%, with the full-year VNB at ₹100.10 billion.