Life Insurance Corporation of India (LIC) on Monday reported that its consolidated net profit fell 17% year-on-year to ₹2,409 crore in the quarter ended March 2022. The company earned a net premium of ₹1.44 lakh crore during the quarter, while its revenue increased to ₹2.12 lakh crore. LIC, which listed on the bourses this month, announced a dividend of ₹1.5.