India's Life Insurance Corp posts 27-fold jump in Q3 profit
BENGALURU, Feb 9 (Reuters) -Life Insurance Corporation of India LIFI.NS reported a 27-fold jump in third-quarter profit on Thursday, as it recognised a gain due to changes in its accounting policy.
The company posted a profit after tax of 63.34 billion rupees ($767.80 million) for the three months ended Dec. 31, compared to 2.35 billion rupees a year earlier.
Net premium income grew 14.5% to 1.12trillion rupees, the company said in an exchange filing.
($1 = 82.4950 Indian rupees)
Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman
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