(Reuters) – Life Insurance Corporation of India (LIC), the country’s biggest insurer, posted a 3.8% fall in second-quarter profit on Friday as it paid out more benefits than the premiums it earned.
LIC’s profit after tax fell to 76.21 billion rupees ($903.6 million) for the quarter ended Sept. 30 from 79.25 billion rupees a year earlier.
($1 = 84.3400 Indian rupees)
(Reporting by Dimpal Gulwani)
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