General Updates

Ref. No.: LIC/SE/2026-27/85 Date: August 12, 2026 The Manager The Manager Listing Department, Listing Department, BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Tower, Exchange Plaza, 5th Floor, Plot C/1, Dalal Street, G Block, Bandra Kurla Complex, Mumbai-400001 Mumbai-400051 Scrip Code: 543526 Scrip Code: LICI Dear Sir/Madam, Sub: Transcript of Earnings Conference Call with the Analyst/Investors Pursuant to Regulations 30 and 46(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Transcript of Earnings Conference Call of Life Insurance Corporation of India (“the Corporation”) with Analyst/Investors held on August 06, 2026. The said transcript is also available on the website of the Corporation and can be accessed from the link: https://licindia.in/f.y.-2026-275 Please take the above information on record and arrange for its dissemination. A copy of this intimation is also being made available on the website of the Corporation at www.licindia.in . Yours faithfully, For Life Insurance Corporation of India (Anshul Kumar Singh) Company Secretary & Compliance Officer Encl.: a/a “Life Insurance Corporation of India Q1 FY27 Earnings Conference Call” August 06, 2026 MANAGEMENT: MR. R. DORAISWAMY – CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR – LIFE INSURANCE CORPORATION OF INDIA MR. DINESH PANT – MANAGING DIRECTORS – LIFE INSURANCE CORPORATION OF INDIA MR. RATNAKAR PATNAIK – MANAGING DIRECTORS – LIFE INSURANCE CORPORATION OF INDIA MR. R. CHANDER – MANAGING DIRECTORS – LIFE INSURANCE CORPORATION OF INDIA MR. A. K. SRIVASTAVA – APPOINTED ACTUARY AND EXECUTIVE DIRECTOR ACTUARIAL – LIFE INSURANCE CORPORATION OF INDIA MR. SHATMANYU SHRIVASTAVA – CHIEF FINANCIAL OFFICER – LIFE INSURANCE CORPORATION OF INDIA MR. ARINDAM DAS GUPTA – CHIEF INVESTMENT OFFICER AND EXECUTIVE DIRECTOR, INVESTMENT - FRONT OFFICE – LIFE INSURANCE CORPORATION OF INDIA MR. S. K. SRIVASTAVA – EXECUTIVE DIRECTOR, INVESTMENT - BACK OFFICE – LIFE INSURANCE CORPORATION OF INDIA MR. UTHUP JOSEPH – EXECUTIVE DIRECTOR, MARKETING AND PRODUCT DEVELOPMENT – LIFE INSURANCE CORPORATION OF INDIA Page 1 of 17 Life Insurance Corporation August 06, 2026 MR. HEMANT BUCH – EXECUTIVE DIRECTOR, BANCASSURANCE AND ALTERNATE CHANNELS – LIFE INSURANCE CORPORATION OF INDIA MR. SESHA GIRIDHAR – EXECUTIVE DIRECTOR, PENSION AND GROUP SCHEMES – LIFE INSURANCE CORPORATION OF INDIA MS. VANDANA SINHA – EXECUTIVE DIRECTOR, CRM CLAIMS – LIFE INSURANCE CORPORATION OF INDIA MS. SHOBHA SULOCHANA – EXECUTIVE DIRECTOR, CRM POLICY SERVICING – LIFE INSURANCE CORPORATION OF INDIA MR. SANJAY BAJAJ – HEAD, INVESTOR RELATIONS – LIFE INSURANCE CORPORATION OF INDIA Moderator: Ladies and gentlemen, good evening, and welcome to the LIC's Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. We have the senior management of LIC led by Mr. R. Doraiswamy, CEO and MD on this call. I now hand the conference over to Mr. R. Doraiswamy. Thank you, and over to you, sir. R. Doraiswamy: Thank you. Good evening, everyone. I'm R. Doraiswamy, Chief Executive Officer and Managing Director, LIC of India. I would like to welcome all of you to the results and performance update call for the quarter ended 30th June 2026. The results declared today have been uploaded along with the press release and investor presentation on our website as well as the websites of both the exchanges, BSE and NSE. Along with me on this call are three Managing Directors, Mr. Dinesh Pant, Mr. Ratnakar Patnaik and Mr. R. Chander. Senior officials of the corporation present on this call are Mr. A.K. Srivastava, Appointed Actuary and Executive Director Actuarial from the actuarial team; Mr. Shatmanyu Shrivastava, Chief Financial Officer from the finance team. Mr. Arindam Das Gupta, Chief Investment Officer and Executive Director, Investment Front Office; Mr. S.K. Srivastava, Executive Director, Investment Back Office from the investment team. From the marketing team, we have Mr. Uthup Joseph, Executive Director, Marketing and Product Development; Mr. Hemant Buch, Executive Director, Marketing in charge of Bancassurance and Alternate Channels; and Mr. Sesha Giridhar, Executive Director, Pension and Group Schemes. Also, we have Ms. Vandana Sinha, Executive Director, CRM Claims; Ms. Shobha Sulochana, Executive Director, CRM Policy Servicing; and Mr. Sanjay Bajaj, Head, Investor Relations on this call. Page 2 of 17 Life Insurance Corporation August 06, 2026 Let me now present the key business, operational and financial highlights for the quarter ended 30th June 2026. Market share. Our market share by first year premium income for three months ending 30th June '26 is 60.10% as per IRDAI as compared to 63.51% for the similar period ended 30th June 2025. We continue to maintain our leadership in the Indian life insurance market across both individual and group business segments. Now if we bifurcate this overall market share of 60.10% into segment-wise share of individual and group business, we would have a market share of 38.89% in individual business and 70.90% in the group business for the current quarter ending 30th June '26. On a comparable basis for the three months ending June 30, 2025, the respective market share for individual and group business were 38.76% and 76.54%, respectively. For the quarter ended 30th June 2026, we have recorded a total premium income of 127,250 crore rupees as compared to total premium income of 119,200 crore rupees for the quarter ended 30th June 2025, registering a growth of 6.75% on a year-on-year basis. The individual new business premium income for quarter ended 30 June '26 was 14,351 crore rupees as compared to 12,536 crore rupees for the corresponding period last year, thereby registering a growth of 14.48% on a year-on-year basis. Further, the renewal premium income (Individual Business) for the quarter ended 30 June '26 was 61,065 crore rupees as compared to 58,938 crore rupees for the previous year first quarter, thereby registering a growth of 3.61% on a year-on-year basis. Therefore, for the quarter ended 30th June '26, our total premium income -- total individual premium income, including renewals, was 75,416 crore rupees as compared to 71,474 crore rupees for the quarter ended 30th June '25, registering a growth of 5.52% on a year-on-year basis. The group business total premium income for the quarter ended 30th June '26 was 51,834 crore rupees, comprising a new business premium of 51,229 crore rupees. In comparison, for the quarter ended 30th June '25, the group business total premium income was 47,726 crore rupees and comprised new business premium of 46,907 crore rupees Therefore, for this quarter ended 30th June '26, the total group premium has increased by 8.61% as compared to the similar period of previous year. Total annualized premium equivalent for the quarter ended 30th June '26 is 13,692 crore rupees, which comprised individual APE of 7,532 crore rupees and group APE of 6,160 crore rupees. Therefore, on an APE basis, the individual business accounts for 55.01% and group business accounts for 44.99%. Further, of the individual APE, the par business accounts for 5,085 crore rupees and non-par amounts to 2,447 crore rupees. Therefore, our non-par share of individual APE is 32.49% and par is 67.51% for the quarter ended 30th June '26. As you may recall, for the quarter ended 30th June 2025, our non-par share of total individual business based on APE stood at 30.34%. Page 3 of 17 Life Insurance Corporation August 06, 2026 The profit after tax for the quarter ended 30th June '26 was 13,492 crore rupees as compared to 10,986 crore ru [Showing first 8,000 characters — download PDF for full document]