LIC has launched a campaign from August 18 to October 17 to revive lapsed individual policies, offering up to 30 per cent concession on late fees with caps based on premium size
The 64 per cent market share is on a composite basis, in which group insurance plays a major role, says Dowaiswamy
Technical charts show that SBI and Godrej Consumer shares could possibly rally up to 19% from here; while HPCL, BSE and LIC face up to 11% downside risk.
With deals across 10 major banks, the insurer's move is expected to spur demand for long-term government securities while narrowing forward spreads for other players
The VNB margin improved Y-o-Y to 15.4 per cent (13.9 per cent in Q1FY25). The Solvency Ratio improved to 217 per cent in Q1FY26 from 199 per cent in Q1FY25
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LIC posts 5 per cent YoY profit growth in Q1FY26 on muted premium rise; Non-Par share climbs to 30 per cent, VNB margin expands by 150 basis points
LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan
Profit after tax for the country's biggest insurer rose to 109.87 billion rupees ($1.26 billion) for the quarter ended June 30 from 104.61 billion rupees a year earlier
Foreign investors net sold ₹14,452 crore, and ₹25,831 crore in stock & index futures, respectively in July; however, F&O rollovers hint at likely optimism going ahead.
LIC's FRA deals with Wall Street banks mark 38% of recent trades, as India's largest insurer adapts to market risk and rising bond demand amid equity losses
The country's largest insurer has announced that its board has recommended paying a final dividend of ₹12 per equity share for the financial year 2024-25 (FY25)