Government of India to Receive ₹7,324 Crore as Dividend from LIC

The Government of India is set to receive a substantial dividend payout of ₹7,324 crore from Life Insurance Corporation of India (LIC), following the insurer’s announcement of a ₹12 per share final dividend for the financial year 2024–25 (FY25).

This payout, pending approval at LIC’s upcoming Annual General Meeting (AGM) on August 26, 2025, will significantly contribute to the government’s non-tax revenues.

LIC’s Growing Contribution to Government Revenue

Since LIC’s market listing in May 2022, the government has earned several rounds of dividends:

• ₹12 per share (FY25 final – proposed)
• ₹6 per share (FY24 final)
• ₹4 per share (FY24 interim)
• ₹3 per share (FY23 final)
• ₹1.50 per share (FY22)

In total, ₹26.50 per share has been paid out in dividends since listing — with the Centre receiving the lion’s share each time.

About Life Insurance Corporation of India (LIC)

Established in 1956, LIC is India’s largest life insurer and is state-owned. It operates under the regulation of IRDAI, offering a wide range of insurance, pension, and annuity products across India and overseas.

LIC Share Price Performance

As of July 24, 2025, LIC share price was trading at ₹918.45 on the Bombay Stock Exchange (BSE), slightly down by 0.39% from the previous day. The stock has declined by 2.29% from the start of the month. This was due to fluctuations driven by profit booking, broader market sentiment, and expectations from the AGM. LIC’s average share price for the month stood at ₹939.10, and trading volumes varied widely — peaking at 2.44 million shares on June 30 and remaining active throughout July.

Read more: How Much Stake Does Government of India Have in LIC?

Conclusion

The LIC dividend will bring a windfall of over ₹7,324 crore to the Government of India, reinforcing LIC’s role as a key contributor to national finances. Investors should watch for the AGM’s outcome on August 26, 2025, for formal approval.

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