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Buy Life Insurance Corporation of India Ltd For Target Rs. 1150 by Yes Securities Ltd RoEV improves due to underlying factors, Upgrade Our view – Growth and margin show improved traction, BUY VNB margin - VNB margin has improved in a reasonably healthy manner on YoY basis, driven by product mix change: The VNB margin for 2QFY25 amounts to 17.9% compared with 15.3% in 2QFY24, up 257 bps YoY. On half-year basis, VNB margin has improved 160 bps YoY, with product mix change enhancing 1H margin by 430 bps whereas economic assumption change offsetting the same by 290 bps...
Buy Life Insurance Corporation of India Ltd For Target Rs. 1150 by Yes Securities Ltd
Buy Life Insurance Corporation of India Ltd For Target Rs. 1150 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 03:44:39 pm
Buy Life Insurance Corporation Ltd For Target Rs. 1,350 By Motilal Oswal Financial Services Ltd Net premium up 16% YoY, VNB margin rises 20bp YoY to 13.9% Guides for medium-term VNB margin of 20%+ * LIC’s 1QFY25 PAT grew 10% YoY to INR105b. Net premium income rose 16% YoY to INR1,138b, resulting in a market share of 64% vs. 61.4% in 1QFY24. * VNB (net) increased 10% YoY to INR16.1b, whereas APE grew 21% YoY to INR115.6b. VNB margin (net) expanded to 13.9% vs. 13.7% in 1QFY24. * We raise our premium growth estimates and lower our VNB margin estimates for FY25/FY26. With...
Buy Life Insurance Corporation Ltd For Target Rs. 1,350 By Motilal Oswal Financial Services Ltd
Buy Life Insurance Corporation Ltd For Target Rs. 1,350 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-08-15 04:03:31 pm
Add Life Insurance Corporation Ltd For Target Rs. 1,250 By Yes Securities Higher target multiple needs healthier RoEV level Our view – Growth improvement continues but with careful calibration of VNB margin VNB margin - VNB margin has improved on YoY basis but the desired improvement is not entirely satisfactory in the context of LIC’s medium-term target: The VNB margin for 1QFY25 amounts to 13.9% compared with 13.7% in 1QFY24. There has been a positive impact of business mix change amounting to 370 bps. The share of Individual Non-Par business i...
Add Life Insurance Corporation Ltd For Target Rs. 1,250 By Yes Securities
Add Life Insurance Corporation Ltd For Target Rs. 1,250 By Yes Securities
Source: Yes Securities Ltd
2024-08-13 06:08:01 pm
Hardeep Puri hails ONGC`s highest-ever share surge Union Minister for Petroleum and Gas, Hardeep Singh Puri, on Tuesday hailed the new achievement by the public sector upstream giant Oil and Natural Gas Corporation (ONGC) as its shares touched a record new high.  ONGC's share price surged past Rs 323 apiece with a 5.18 per cent intraday gain on Monday, propelling its market capitalisation to Rs 4.06 lakh crore. "Congratulations to ONGC for this milestone achievement. The surge in the share prices -- the highest ever in ONG...
Hardeep Puri hails ONGC`s highest-ever share surge
Hardeep Puri hails ONGC`s highest-ever share surge
Source: IANS
2024-07-16 12:43:13 pm
Special Measures for extending services to Policy Holders of LIC of India   It has been decided that the Offices under jurisdiction of Zones and Divisions will be kept open for normal operations as per official working hours on 30.3.2024 and 31.3.2024, in order to avoid any hardship to the policyholders. This is as per the advisory issued by Insurance Regulatory and Development Authority of India (IRDAI) dated 28.3.2024.   Above views are of the author and not of the website kindly read disclaimer
Special Measures for extending services to Policy Holders of LIC of India
Special Measures for extending services to Policy Holders of LIC of India
Source: PR Agency
2024-03-29 11:10:24 am
Life insurers first-year premium moving in subdued manner: CARE Ratings Indian life insurers after a robust growth in FY23, their first-year premium numbers in FY24 have been moving in a subdued manner, said credit rating agency CARE Ratings in its latest report. However, for February 2024, first-year life insurance premiums witnessed a surge of 48.4 per cent, compared to a fall of 16.8 per cent witnessed in the same period last year. The increase can be attributed to group single premiums, especially of LIC and strong monthly performance of the private ins...
Life insurers first-year premium moving in subdued manner: CARE Ratings
Life insurers first-year premium moving in subdued manner: CARE Ratings
Source: IANS
2024-03-11 04:33:18 pm
LIC Mutual Fund Asset Management announces Modification in SAI LIC Mutual Fund has announced that the Shareholding Pattern of LIC Mutual Fund Asset Management (AMC) given under the heading ‘D. Asset Management Company’ under Section ‘I. Information about Sponsor, AMC And Trustee Company’ stands revised.  Revised Shareholding Pattern: Life Insurance Corporation of India (including 7 nominee shareholders): 44.61%, LIC Housing Finance: 33.52%, GIC Housing Finance: 9.98%, Union Bank of India: 3.40%  and IDBI Asset Ma...
LIC Mutual Fund Asset Management announces Modification in SAI
LIC Mutual Fund Asset Management announces Modification in SAI
Source: Accord Fintech
2024-03-11 04:18:51 pm
India`s IPO tally hit a six-year high in 2023 In total, 243 companies were listed on Indian bourses in the year ended December 31, 2023, the highest annual tally in at least six years, according to S&P Global Market Intelligence data. The aggregate transaction value of the IPOs in 2023, however, fell more than 9% to $7.10 billion, dragged down by the absence of big-ticket listings such as Life Insurance Corp. of India, through which the Indian government raised more than 205 billion Indian rupees in 2022 alone, the data said. I...
India`s IPO tally hit a six-year high in 2023
India`s IPO tally hit a six-year high in 2023
Source: IANS
2024-02-20 12:07:37 pm
Buy Life Insurance Corporation For Target Rs.1,270 - Motilal Oswal Financial Services Ltd Healthy improvement in VNB margin New product launches support growth in the non-par segment * Life Insurance Corporation (LIC)’s PAT for 9MFY24 was INR269b (3QFY24 at INR94b). PAT for 9MFY24 was not comparable to 9MFY23, as the last year’s PAT included an amount of INR45b (net of tax) pertaining to the accretions on available solvency margin, which was transferred from the non-par fund to the shareholders account. * Net premium grew 5% YoY to INR1.17t in 3QFY24. Market s...
Buy Life Insurance Corporation For Target Rs.1,270 - Motilal Oswal Financial Services Ltd
Buy Life Insurance Corporation For Target Rs.1,270 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-12 12:03:00 pm
Accumulate Life Insurance Corporation of India Ltd For Target Rs.1,232 - Religare Broking Ltd Healthy growth in premium income: LIC of India net premium income in Q3FY24 was Rs 1.2 Lakhs Cr, up by 8.9% QoQ/4.6% YoY. The single digit growth in net premium income was driven by single premium growth of 22.4% YoY/9.9% QoQ, however, first year premium declined by 15.6% QoQ/13.3% YoY. Similarly APE reported growth 0.5% QoQ/6.9% YoY to Rs 13,163 Cr while new business premium increased by 10.9% QoQ/4.1% YoY to Rs 55,575 Cr which was led by group business premium growth of 18.9% QoQ/7.6% Yo...
Accumulate Life Insurance Corporation of India Ltd For Target Rs.1,232 - Religare Broking Ltd
Accumulate Life Insurance Corporation of India Ltd For Target Rs.1,232 - Religare Broking Ltd
Source: Religare Broking Ltd
2024-02-10 10:51:07 am
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer Life Insurance Corporation of India reported a nearly 50% rise in third-quarter profit on Thursday, as it moved more money to a shareholders' fund. LIC, India's largest insurer, posted a profit after tax of 94.44 billion rupees ($1.14 billion) for the quarter ended Dec. 31, up from 63.34 billion rupees a year ago. The company transferred 76.92 billion rupees from its non-participating fund to a shareholders' fund for the quarter, it said. LIC had transferred 56.70 billion rupees i...
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer
India`s LIC posts Q3 profit rise on higher shareholders` fund transfer
Source: Reuters
2024-02-09 09:19:12 am
Mutual funds holding in NSE companies at all-time high The share of domestic Mutual Funds (MFs) in companies listed on NSE rose to an all-time high of 8.81 per cent as on December 31, 2023, from 8.73 per cent as on September 30, 2023, powered by strong net inflows of Rs 58,198 crore during the quarter, as per Primeinfobase, an initiative of PRIME Database Group. Meanwhile, Life Insurance Corporation of India (LIC), India’s largest institutional investor, saw its share (across 277 companies where its holding is more than 1 per cent) decli...
Mutual funds holding in NSE companies at all-time high
Mutual funds holding in NSE companies at all-time high
Source: IANS
2024-02-07 12:07:44 pm
LIC receives Income Tax demand order of Rs 3,528 crore  Life Insurance Corporation of India has received orders for Rs 3,528 crore from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai. "Corporation shall file an appeal before Commissioner (Appeals), Mumbai against the said orders within the prescribed timelines. There is no material impact on financials, operations or other activities of the Corporation due to the abovementioned orders," the LIC said. Pursuant to issua...
LIC receives Income Tax demand order of Rs 3,528 crore
LIC receives Income Tax demand order of Rs 3,528 crore
Source: IANS
2024-01-12 09:24:38 am
LIC rises on getting green signal for proposal to setup branch office in GIFT City Life Insurance Corporation of India is currently trading at Rs. 793.30, up by 11.90 points or 1.52% from its previous closing of Rs. 781.40 on the BSE. The scrip opened at Rs. 784.40 and has touched a high and low of Rs. 794.65 and Rs. 784.05 respectively. So far 73438 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 820.05 on 22-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023. Last one week high and low...
LIC rises on getting green signal for proposal to setup branch office in GIFT City
LIC rises on getting green signal for proposal to setup branch office in GIFT City
Source: Accord Fintech
2023-12-27 12:02:49 pm
Add Life Insurance Corporation for Target Rs.695 - Yes Securities Ltd November 10, 2023 1 Growth remains an issue, while margin provides no solace Result Highlights (See “Our View” below for elaboration and insight) ? VNB margin: Calculated VNB margin for 2QFY24 rose 163bps QoQ to 15.3%. ? VNB growth: VNB grew 53.8% QoQ, due to growth in total APE and margin expansion. ? APE growth: New business APE grew 37.4% QoQ, driven higher by growth in Individual Par and Non-Par APE. APE was still down -12.5% YoY ? Expense control: Expense ratio...
Add Life Insurance Corporation for Target Rs.695 - Yes Securities Ltd
Add Life Insurance Corporation for Target Rs.695 - Yes Securities Ltd
Source: Yes Securities Ltd
2023-12-26 02:59:23 pm
Government grants LIC exemption from 25% public shareholding rule till 2032 Government-owned Life Insurance Corporation of India (LIC) said on Thursday that the Finance Ministry has granted it a one-time exemption from the minimum 25 per cent public shareholding rule. The rule states that an entity with a market cap of more than Rs 1 lakh crore must have a minimum 25 per cent public shareholding within five years of listing. LIC listed on the bourses on May 17, 2022, which requires it to meet the 25 per cent public shareholding norm by 2027. However, the life i...
Government grants LIC exemption from 25% public shareholding rule till 2032
Government grants LIC exemption from 25% public shareholding rule till 2032
Source: IANS
2023-12-22 09:46:34 am
LIC gains on hiking stake in ATUL Life Insurance Corporation of India is currently trading at Rs. 803.50, up by 11.85 points or 1.50% from its previous closing of Rs. 791.65 on the BSE. The scrip opened at Rs. 795.00 and has touched a high and low of Rs. 810.00 and Rs. 795.00 respectively. So far 130857 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 810.00 on 13-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023. Last one week high and lo...
LIC gains on hiking stake in ATUL
LIC gains on hiking stake in ATUL
Source: Accord Fintech
2023-12-13 12:09:11 pm
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management Life Insurance Corporation of India is currently trading at Rs. 774.00, up by 0.20 points or 0.03% from its previous closing of Rs. 773.80 on the BSE. The scrip opened at Rs. 774.05 and has touched a high and low of Rs. 783.90 and Rs. 771.10 respectively. So far 181223 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 803.35 on 08-Dec-2023 and a 52 week low of Rs. 530.20 on 29-Mar-2023. Last one week high and low...
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management
LIC inches up on getting nod to infuse Rs 25 crore in LIC Mutual Fund Asset Management
Source: Accord Fintech
2023-12-11 02:55:23 pm
Buy LIC of India Limited For Target Rs.760 - Emkay Global Financial Services LIC reported broadly in-line numbers in H1FY24, owing to weaker growth, strong boost in embedded value led by equity-market performance, and part provision on account of increased family pension liabilities. We continue to perceive that structural challenges—such as slower growth-led market-share loss, sticky operating expenses, and higher sensitivity to equity market-led EV volatility—are likely to cloud LIC’s outlook. However, LIC is currently trading at ~0.50x Sep-25E P/E...
Buy LIC of India Limited For Target Rs.760 - Emkay Global Financial Services
Buy LIC of India Limited For Target Rs.760 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-30 01:38:53 pm
LIC gains on launching new product `LIC`s Jeevan Utsav` Life Insurance Corporation of India is currently trading at Rs. 683.85, up by 10.20 points or 1.51% from its previous closing of Rs. 673.65 on the BSE. The scrip opened at Rs. 676.05 and has touched a high and low of Rs. 691.80 and Rs. 672.45 respectively. So far 72605 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 754.40 on 20-Dec-2022 and a 52 week low of Rs. 530.20 on 29-Mar-2023. Last one week high and low...
LIC gains on launching new product `LIC`s Jeevan Utsav`
LIC gains on launching new product `LIC`s Jeevan Utsav`
Source: Accord Fintech
2023-11-29 03:08:32 pm
Buy LIC of India Limited For Target Rs.823 - Geojit Financial Services New product launches to drive future Founded and majority owned by the Government of India, Life Insurance Corporation of India Ltd (LIC) is the country’s leading statutory insurance and investment corporation, with assets under management (AUM) of over Rs. 4,700,000cr and investments in more than 270 listed companies. • In Q2FY24, LIC’s gross premium income fell 18.7% YoY to Rs. 107,947cr, mainly due to lower single premium. • In H1FY24, value of new business (...
Buy LIC of India Limited For Target Rs.823 - Geojit Financial Services
Buy LIC of India Limited For Target Rs.823 - Geojit Financial Services
Source: Geojit Financial Services
2023-11-29 12:48:42 pm
New India Assurance stock zooms 17% PSU insurance companies stocks are zooming on Friday with New India Assurance up a massive 17 per cent. New India Assurance is up 17 per cent at Rs 204. General Insurance Corporation is up more than 12 per cent at Rs 297 on BSE. Both stocks hit 52 week highs. Life Insurance Corporation of India is up 7 per cent at Rs 662. GIC said that rating agency has re-affirmed the existing ratings & additionally assigned India National Scale Rating (NSR) to the General Insurance Corporation ...
New India Assurance stock zooms 17%
New India Assurance stock zooms 17%
Source: IANS
2023-11-24 12:33:01 pm
India`s top insurer LIC reports Q2 profit fall on lower premium income Life Insurance Corporation of India reported second-quarter profit that halved on Friday, hurt by a fall in premium income. The company posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept. 30, compared to 159.52 billion rupees a year ago. Net premium income dropped 18.7% to 1.07 billion rupees. ($1 = 83.2970 Indian rupees)
India`s top insurer LIC reports Q2 profit fall on lower premium income
India`s top insurer LIC reports Q2 profit fall on lower premium income
Source: Reuters
2023-11-10 05:57:46 pm
India`s Bharti Group to buy out French partner AXA`s stake in JV Bharti Group will acquire French insurer AXA's 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades.It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities.Bharti and AXA did not immediately respond to Reuter...
India`s Bharti Group to buy out French partner AXA`s stake in JV
India`s Bharti Group to buy out French partner AXA`s stake in JV
Source: Reuters
2023-10-12 10:13:04 am
Strategy shift at India's top insurer LIC aids government borrowing costs  Life Insurance Corp of India (LIC), the country's largest insurer, has stepped up federal and state debt purchases to reduce capital volatility, according to sources and market participants, also helping lower government borrowing costs.The shift, previously unreported, has helped states reduce costs by more than 40 basis points (bps) over the past 15 months."LIC has been increasing their investment into state debt," confirmed a senior official from the state-run insurer, requesting ano...
Strategy shift at India's top insurer LIC aids government borrowing costs
Strategy shift at India's top insurer LIC aids government borrowing costs
Source: Reuters
2023-09-29 12:39:29 pm
LIC rises on hiking stake in Gujarat Gas Life Insurance Corporation of India is currently trading at Rs. 656.95, up by 2.40 points or 0.37% from its previous closing of Rs. 654.55 on the BSE.The scrip opened at Rs. 655.10 and has touched a high and low of Rs. 658.00 and Rs. 653.75 respectively. So far 7821 shares were traded on the counter.The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 754.40 on 20-Dec-2022 and a 52 week low of Rs. 530.20 on 29-Mar-2023.Last one week high and low of the scrip stood at...
LIC rises on hiking stake in Gujarat Gas
LIC rises on hiking stake in Gujarat Gas
Source: Accord Fintech
2023-09-22 10:12:10am