Buy LIC Ltd For Target Rs. 1,050 by Motilal Oswal Financial Services Ltd

* APE to see a sharp decline, led by commission alteration for agents since Oct’24.
* Share of non-par to inch up, led by full benefits of non-par product launches in 1HFY25.
* VNB margins to improve on the back of favorable product mix and scale.
* Growth outlook and acquisition of a health insurance company key watch areas.
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