Shares of LIC, surged 10% to hit an eight-month high on expectation of double-digit growth in new business premiums.The insurer is expecting higher growth, chairman Siddhartha Mohanty recently said.
Life Insurance Corp. of India, jumped the most in eight months on the expectation of double-digit growth in new business premiums.
The insurer is expecting higher growth based on a recent trend showing an uptick in individual retail business, chairman Siddhartha Mohanty told the local news agency, Press Trust of India ,in an interview published.
Its shares jumped as much as 10.4%, the most since 24 March, while trade volume surged.
