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LIC has introduced a new non-par product, LIC Jeevan Utsav, featuring a combination of limited pay (5–16 years) with lifelong income. Non-par is a value-adding segment, and an increase in the share of non-par can boost LIC’s overall margins.
The stock today fell 1.4% to the day's low of Rs 599.20 on the NSE in the opening trade amid weakness in the overall markets. Benchmark indices S&P BSE Sensex and Nifty were trading 0.40% lower around 9:25 am.
Buy recommendations stand at 31 currently, compared to two ‘hold’ and no ‘sell’ calls, according to Moneycontrol’s analyst tracker. However, SBI Life Insurance shares are down nearly 2 percent over the last one year, while the Nifty 50 has advanced by more than 10 percent over the same duration.
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