LIC first-year premiums rise 35% amid stake sale plans
after close1 source ↓written by the desknot a recommendation
- reflecting
- 35% year-over-year increase
- in LIC
- 1-2% of its stake
LIC reported first-year premiums of ₹158.70 billion in November, reflecting a 35% year-over-year increase. This surge highlights the insurer's robust performance in attracting new policyholders.
Simultaneously, the government plans to divest 1-2% of its stake in LIC through an offer for sale, which could impact existing shareholders and potential investors.
Not investment advice. For informational purposes only.