LIC is India’s largest insurance company the company owned a total of 60% of the total market value in the insurance industry LIC was established in 1958 by the Indian government to combine more than 250 state-owned small companies LIC [life insurance corporation limited] is Indian sanctuary insurance and investment company LIC Share Price Target
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LIC is working under the Indian government and its headquarters is located in Mumbai In May 2022 LIC was listed in the Indian stock market and sold its 3.5% stack value in a public IPO Right now MR. Kumar is the Chairman of LIC Overall 1,14,000 employees are working in LIC Let us see LIC Share Price Target 2023, 2024, 2025, 2026, and 2030
LIC Share Price Target 2023, 2024, 2025, 2026, 2030
LIC is a Large cap company which is having a total value of Rs.4,40,000 Cr. In the last quarter the company did not generate revenue so its share value was affected but in the last quarter of 2022 company shows good revenue growth also increase their net profit
| Name | LIC ( Life Insurance Corporation) |
| Market Cap | Rs. 3,47,812 Cr. |
| Industry | Insurance And Financial Services |
| Headquarters | Mumbai, India |
| Key People | Mr BC Patnaik [managing Director], Smt Ipe Mini, [managing Director], Siddharth Mohanty [managing Director], Rajkumar, [managing Director] |
| Products | Life Insurance, Health Insurance, Investment, Management, Mutual Fund |
| Owner | Government, Of India |
| Number Of Employees | 115, 000 |
| Website | http://www.licindia.in/ |
Investing in LIC is worth it or not, and we discuss the company’s business model and financial aspects. Let us see LIC Share Price Target 2023, 2024, 2025, 2026, and 2030
LIC Share Price Target 2023
LIC has not posted good results in July 2022 quarter due to which the share price of the company is under pressure but LIC has delivered very impressive results in the last quarter of 2022 and also increased its operating margin very well
LIC is the leading competitor in the insurance industry in India so there is a huge opportunity for this giant insurance company will grow and make more profit in the future LIC share value in 2023 the first target is Rs. 720 and will be ended with the second highest value of Rs. 740
| LIC Share Price First Target 2023 | Rs.720 |
| LIC Share Price Second Target Price 2023 | Rs.740 |
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LIC Share Price Target 2024
LIC has a strong network base in each and every corner of India due to this strong network base they can able to sell their maximum products to customers Till 2022 more than 13 lakh LIC agents are selling insurance throughout India this is the business strategy of LIC to be a No.1 in the insurance industry
LIC always provide new schemes and policies for customers they keep concentrating on different categories of products for customers who need LIC products like personal finance banking home loan ETC
As we see company’s previous performance in 2022 in September YoY was really well EPS was expected is 1.91 but LIC share was reported in that quarter as 25.07 which is 1,212.57% also company made good revenue
At the end of the year, 2024 LIC share value will be Rs.800 and the second highest value is Rs. 830.
| LIC Share Price First Target 2024 | Rs.800 |
| LIC Share Price Second Target Price 2024 | Rs.830 |
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LIC Share Price Target 2025
In the past 52 weeks, its highest value is Rs. 949 and its lowest was Rs. 582 currently LIC shares trading around Rs. 610-640 As we see its P/E ratio value is lower than its P/B value which means its share value is trading below the company’s value. This was Happen due to 2 ND quarter performance of 2022 but Right now company generate revenue and beaten its previous EPS
In the upcoming days it perform very well and make more profit at the end of 2025 LIC share price target was expected RS. 950 and the second highest value is Rs. 980.
| LIC Share Price First Target 2025 | Rs.950 |
| LIC Share Price Second Target Price 2025 | Rs.980 |
LIC Share Price Target 2026
LIC needs to update its marketing strategy whether it’s an old or the biggest company in the insurance sector there are a lot of new competitors arriving in this industry and their business model and marketing strategy were awesome due to that they grab a market share from LIC
In order to withstand and keep increasing its market value LIC has to update its marketing strategy Other competitors are offering policies online but LIC still thinking of updating it like this there are so many changes needed to improve the company’s growth
In India, a lot of people are well-graduated and they are interested in insurance and investment so in the future market value of the insurance sector will increase hope LIC can Play a major role in future in this sector
At the end of 2026, the LIC share price target was expected to RS. 1000 and the second highest value is Rs. 1100.
| LIC Share Price First Target 2026 | Rs.1000 |
| LIC Share Price Second Target Price 2026 | Rs.1100 |
LIC Share Price Target 2030
India Is one of the world’s fastest-growing insurance markets and by 2032 it will be the sixth-largest insurance market. experts say each year this industry will grow up to 14% LIC is a debt-free company for the past 5 years Its debt value is 0.
LIC has different products for different categories of people and then they always introduce new policies the company invested in so many sectors in India. so due to its strong base and brand name Zero debt company, LIC is the preferred choice for long-term investment. Maybe in the future, these stocks could be multi-baggers.
At the end of 2030 company’s share value is around Rs.2500
| LIC Share Price First Target 2030 | Rs.2000 |
| LIC Share Price Second Target Price 2030 | Rs.2500 |
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Business Model Of LIC
This LIC Company Is Mainly Engaged In The Insurance Sector and Is a Subsidiary Of Life Insurance Corporation Of India The Company’s Market Share In New Business Premium Is More Than 65.2 % LIC Also Has a 70.7 % Market Share by the Number In Individual Policies Issued For 9 Months In 2021 And 85.8% Market Share By Number In Group Policies
Also, LIC Offers NON-equity Products Like equity Insurance Products Health Insurance Products Plans Insurance Products, and Retirement Products as Per The Latest Information Its Total AUM Is Rs. 40 Lakh CR.
LIC Has 2050 Branches In India And 110 Offices And 1550 Satellite Offices In Singapore, Nepal, Sri Lanka, Bangladesh, Mauritius, Kuwait, And Qatar.
Strength Of LIC India
- High Customer Confidence LIC is synonymous with insurance in India
- Excellent ROE Of 82.30% and RoCE Of 80.52%
- This LIC is a Cash Rich Company
- The Cost Ratio Of This company is Very Low Compared To The Top 5 Private Companies In India as a Whole
- LIC has a highly experienced and qualified management team with a reputable board and a strong corporate governance structure
- LIC has over 14.16 Lakh agents in India who Bring in most of the new business the company offers life insurance coverage with fixed returns which makes sales easier for agents and gives peace of mind to policyholders
Weaknesses Of LIC India
- The Sales Growth Of This LIC Company In the Last 5 Years Is only 2.95%
- The Profit Growth Of LIC Company In The Last 5 Years Is Only 2.85%
- The Investment Portfolio Is Subject To Credit Concentration And Cash Flow Risks Which may adversely affect the company’s finance
- LIC Faces a lot of competition from private companies like HDFC Standard Life Insurance SBI Life Insurance Company Limited and ICICI Life Insurance Company Limited
Products Of LIC India
- Participating Insurance Products
- Non-Participating Products [1] Unit Linked Insurance Products [2] Annuity and Pension Products [3] Health Insurance Products and More
Shareholding Pattern Of LIC India
| Holders Name | Percentage |
|---|---|
| No Of Shares | 100.% |
| Promoters | 96.5 % |
| Foreign Institutions | 0.18 % |
| Bank Mutual Funds | 0.64 % |
| Others | 0.41 % |
| General Public | 2 % |
| Financial Institutions | 0.27 % |
LIC Share Price Target 2023, 2024, 2025, 2026, 2030
| Years | First Target | Second Target |
|---|---|---|
| LIC Share Price Target 2022 | Rs. 825 | Rs. 680 |
| LIC Share Price Target 2023 | Rs. 720 | Rs. 740 |
| LIC Share Price Target 2024 | Rs. 800 | Rs. 830 |
| LIC Share Price Target 2025 | Rs. 950 | Rs. 980 |
| LIC Share Price Target 2026 | Rs. 1000 | Rs. 1100 |
| LIC Share Price Target 2030 | Rs. 2000 | Rs. 2500 |
Conclusion
LIC Is the Biggest Company In the insurance sector and it’s a totally debt-free company so I Recommend you for long-term investment his company shares will give you huge returns the expected price I mentioned here.
My analysis and my opinion may vary due to the market situation before investing kindly do your own research and take suggestions from your financial advisor.
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Disclaimer
In This article, we have given the rating of this company but we are not registered advisors and we do not give any investment advice for this stock so you should do your own research or consult your financial advisor before investing
FAQ- LIC India
What Will Be The Share Price Of LIC In 2023?
LIC’s Share Price target for 2023 is first target Rs. 720 and the second target is Rs. 740
Will LIC Give Good Returns?
LIC plans to Offer a variety of plans that offer good returns to their policyholders and help them to grow their wealth
which is better LIC or FD?
fixed deposits are bests for both short and medium-term investments whereases life insurance plans are designed for long-term investments
Can LIC be Broken?
the policy can be surrendered after it has been in force for at least 3 full years
why LIC share is rising?
a combination of factors like proposed regulatory changes business performance head honcho from private sector higher profit booking and the issue of bonus shares
What Happens To LIC after Maturity?
The maturity proceeds will be credited directly to the bank account of the policyholder after the policy maturity rate
Is LIC good for long-term investment?
As per the expert’s recommendation, LIC is one of the best stocks for long-term investment.
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