NON-PERFORMING ASSETS OF LIC FROM 2011-12 TO 2024-25
Amount in Rs Cr
As at the end of the Financial Year
Gross Investment
Gross NPA
NPA Provision
Net investment
2011-12
296325
3692
1932
294393
2012-13
323225
6952
3414
319811
2013-14
346803
8465
5442
341361
2014-15
370626
12213
6463
364163
2015-16
379376
14283
7455
371920
2016-17
384155
18173
10852
373303
2017-18
405305
25241
18196
387109
2018-19
402975
24777
23761
379214
2019-20
449365
36694
33414
415950
2020-21
451303
35130
34935
416368
2021-22
449295
27087
26911
422384
2022-23
469991
12032
12025
457965
2023-24
531881
10698
10692
521189
2024-25
578808
8443
8437
570370
NPA RATIOS of LIC
As at the end of the Financial Year
Gross NPA %
Net NPA %
2011-12
1.25
0.60
2012-13
2.15
1.11
2013-14
2.44
0.89
2014-15
3.30
1.58
2015-16
3.76
1.84
2016-17
4.73
1.96
2017-18
6.23
1.82
2018-19
6.15
0.27
2019-20
8.17
0.79
2020-21
7.78
0.04
2021-22
6.03
0.04
2022-23
2.56
0.00
2023-24
1.68
0.00
2024-25
1.38
0.00
NOTE:
The investment assets belonging to the policyholders have got reduced in the respective years to the extent of provisions made for NPAs. The highest provisions for NPAs were made in 2019-20 and 2020-21 to the extent of Rs 33414 cr and Rs 34935 cr. This much of the amount was the reduction in value 0f the Life Fund suffered by the policyholders in these two years. Interestingly the NPAs started showing a declining trend from 2021-22 the year preceding the financial year in which the IPO was launched, viz 2022-23. It is to be noted that the NPAs are outside the management expenses incurred by LIC. This is a more serious matter of concern for crores of policyholders of LIC.
1 comment:
If LIC had no NPA for the last 69 years it is not enough to pay arrears of pension up gradation leave alone enhanced pension only. PSBs very recently written off 12 lakh crores to willful defaulters at the command of DFS and may be 10 times earlier since State takeover. Still Bank men didn't raised the point. They say it is common in a financial company which includes LIC.. Many private banks were liquidated being worse than PSBs during the last 78years. Only overall profit in lending business should be considered. LIC comes top on profit followed by PSBs. Bank men should calculate the windfall profit of GOI from individual bank and raise the banner to achieve their object. It is their concern like SBI/RBI to success or failure. Workmen OF LIC fail at every stage for political reasons and snatch defeat from winning.
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