Life Insurance Corporation of India (LIC) crossed the Rs 5 trillion market capitalisation mark in intra-day trade. LIC shares hit an intra-day high of Rs 800 before settling at Rs 785, the highest since June 3, 2022. At the last close, the insurer was valued at Rs 4.97 trillion, making it the country’s 10th most valued firm. Shares of the company have rallied nearly 30 per cent in the past one month.
According to the data released by the Life Insurance Council, the premium of Life Insurance Corporation of India (LIC) dropped by 32.86 per cent in November 2023 to Rs 16,134.55 crore from Rs 24,032 crore in the year-ago period. Whereas the premium of private insurers slipped by 9.33 per cent to Rs 10,360.29 crore from Rs 11,426.73 crore.
