Life Insurance Corporation of India Share Price (LICI)

Analysts Bullish on Life Insurance Corporation of India - 18 Apr, 2024

Prabhudas Lilladher and JM Financial maintain their buy ratings on LIC, with target prices of Rs 1200 and Rs 1222 per share respectively. The analysts see growth opportunities in the company's non-participating book, which is expected to drive VNB margins above 20% levels and provide stability to EV returns.

LIC Invests in HUL and Adani Group Companies - 15 Apr, 2024

Life Insurance Corporation of India (LIC) has increased its stake in Hindustan Unilever Limited and witnessed a 59% increase in value of investments in Adani Group stocks.

LIC Share Price Could Reach Rs 1,400 in a Year or Two - 13 Apr, 2024

Support for LIC stock is at Rs 900 and the next important support is at Rs 840. A decisive break above Rs 1,200 could lead to a target of Rs 1,400. Investors can hold with a stop-loss at Rs 830 and revise it upwards as the price increases.

LIC Stock Up 17%, Announces Senior Management Changes - 10 Apr, 2024

Life Insurance Corporation of India's stock has risen by 17% over the past three months, with exceptional net income growth of 46% over five years. The company also announced changes in its senior management personnel.

LIC Offices to Remain Open for Tax Saving Exercise - 29 Mar, 2024

Life Insurance Corporation of India (LIC) will keep its offices open on March 30 and March 31 to facilitate taxpayers in completing their tax-saving exercise before the closing of the fiscal year. This follows the announcement by banks that their branches will remain open on Saturday and Sunday as directed by RBI earlier this month.

LIC Receives Demand Notice for Underpayment of GST - 28 Mar, 2024

Life Insurance Corporation of India (LIC) has received a demand notice of Rs 178 crore from tax authorities for the underpayment of Goods and Services Tax (GST) spanning two fiscal years. LIC has lodged appeals with tax authorities in Ahmedabad and Bangalore regarding specific GST demands. Additionally, IRDAI has designated LIC, GIC, and New India Assurance as Domestic Systemically Important Insurers (D-Slls), subjecting them to enhanced regulatory supervision.

LIC Identified as D-SII; Emerges as Strongest Global Insurance Brand - 27 Mar, 2024

Life Insurance Corporation of India has been identified as a Domestic Systemically Important Insurer (D-SII) for FY2023-24, while also emerging as the strongest global insurance brand with a brand value of USD 9.8 billion. However, tax authorities have slapped a demand notice of about Rs 39.39 lakh on LIC for short payment of GST in 2017-18.

LIC Shares Rally as Brand Value Remains Steady - 26 Mar, 2024

Life Insurance Corporation of India (LIC) has maintained its position as India's strongest insurance brand with a steady brand value of $9.8 billion, highest premium collection, and an all-time high share price. Technical analysts predict that LIC's shares could reach up to ₹1,300.

Postal Life Insurance Scheme Outpaces Industry Growth - 24 Mar, 2024

The Postal Life Insurance scheme has grown at 14.5% YoY, outpacing the rest of the industry. Private life insurance sector grew by 14%, while LIC's premium base contracted by 8% in FY24.

LIC Increases Stake in LTIMindtree - 22 Mar, 2024

Life Insurance Corporation of India has increased its stake in LTIMindtree from 4.99% to 5.03%, holding 14,906,665 equity shares.

LIC Takes Measures After Front-Running Case; Increases Stake in LTIMindtree - 21 Mar, 2024

Life Insurance Corporation of India (LIC) has taken steps to improve its controlling mechanism following the Sebi ban on five entities, including one of its employees, in a front-running trades case. Additionally, LIC increased its stake in LTIMindtree from 4.99% to 5.03%.

SEBI Bans Entities Involved in Front-Running Trades with LIC - 20 Mar, 2024

Life Insurance Corporation of India (LIC) faces scrutiny after Securities and Exchange Board of India (SEBI) confirmed a securities market ban on five entities, including an LIC employee, in a front-running case. The company implemented controlling mechanisms and took appropriate action against the concerned official following due administrative procedure. LIC assures that it will continue to strengthen corporate governance measures.