LIC’s revenue after tax surged to 159.52 billion Indian rupees ($1.98 billion) within the July-September quarter, from 14.34 billion rupees a yr earlier, boosted primarily by the switch of almost $1.8 billion from coverage holders’ fund to shareholders’ fund. ($1 = 80.8000 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Savio D’Souza)