Shares of Life Insurance Corporation (LIC) fell to their record low amid a market crash today as the lock-in period for anchor investors in the country's largest initial public offering (IPO) ended today. Sentiments around the stock were also weak as equity market tanked in early trade today. LIC stock declined 3.94 per cent intraday to Rs 681.70 against the previous close of Rs 709.70 on BSE.