LIC reclaims Rs 5 lakh crore market cap; stock hits 52-week high
On the volume front, 1.55 crore shares were traded on the NSE, while 5.66 lakh shares changed hands on the BSE, during the day.
Source: indianexpress.com
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lic stock update: LIC reclaims Rs 5 lakh cr market cap; stock hits 52-week high
With Thursday's jump in LIC shares, the second-largest PSU by market cap, surged another 19 per cent this week. During the day, LIC shares hit a 52-week high of Rs 800 on the NSE and Rs 799.90 BSE, breaching the Rs 5 lakh crore market cap of the state-owned insurer.
Source: indiatimes.com
LIC stock crosses ₹700 mark after 11 months; is the journey to ₹1000 next?
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.
Source: livemint.com
LIC: LIC News, Life Insurance Corporation of India Latest Updates
LIC: LIC News, latest updates. Read all about LIC (Life Insurance Corporation) on the Economic Times. Get details of How to check LIC Premium Status, lic policy list, details & benefits
Source: indiatimes.com
Why LIC's Jeevan Utsav is not for everyone
Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.
Source: moneycontrol.com