• Growth strategy outlook: LIC aims to sustain or exceed FY26 growth rates in new business performance and renewals throughout FY27, following a strong start to collections in April.
• FY26 performance metrics: Total Annualized Premium Equivalent (APE) grew approximately 18% in FY26, accompanied by a 41%–42% rise in Value of New Business (VNB) and a 360 to 400 basis point margin improvement.
• VNB margin target: After closing FY26 with a VNB margin above 21%, management aims to expand margins further in FY27, though specific numerical guidance was withheld due to potential economic variance.
• Public float expansion: Management highlighted that increasing the public shareholding beyond the current 3.5% float in accordance with SEBI regulations will enhance market liquidity and help unlock shareholder valuation.