Yesterday, on 28th March 2025, Life Insurance Corporation or LIC Share Price went through a downtrend in its share prices. The reason could have been the broader market’s volatility, with indices recovering losses by 24th March 2025 after a six-day rally. Yesterday, LIC’sLIC’s shares opened to the market at Rs. 799.00 and recorded a day-high of Rs. 815.45 and a day-low of Rs. 794.50.
LIC Share Price Performance On 28th March
When the market closed at 15:59, LIC traded their shares for Rs. 799.40. It was nearly 0.2% lower than the opening and closing rates on 27th March, Rs. 801.15. According to the reports and estimates on Money Control, the current market capitalisation was 505,620 cores; the UC Limit was 881.25, and the LC Limit was 721.05.
Company Financials
In the third quarter of the fiscal year 2024-25, LIC recorded a 17% growth in net profits compared to last year’s third quarter: Rs. 11,406 crores against Rs. 9,444 crores. Its net premium income declined 9%, amounting to Rs. 1,06,891 crore, down from Rs. 1,17,017 crore in Q3 FY24. LIC’sLIC’s solvency ratio improved to 2.02 from 1.93.
Recent News About LIC
- LIC entered the independent health insurance industry in March 2025 when it declared its plan to purchase a 40–49% share in ManipalCigna Health Insurance.
- The worth Rs. 3,500 crore includes the sale of secondary shares and new capital infusion.
- LIC will maintain its branches open from March 29–31, 2025, including the weekend and the Monday public holiday due to Eid, to make premium payments easier for policyholders.
- This follows the 12th March 2025 guideline from the Insurance Regulatory and Development Authority of India, which aims to maintain customer service over the longer vacation period.
LIC Share Price Target
Per analysts’ predictions on Trendlyne, Life Insurance Corporation of India has an average target of 1103. The consensus estimate represents an upside of 37.98% from the last price of 799.40.
Should You Buy, Sell, Or Hold?
Most experts on Trendlyne supported buying the shares. On MoneyControl, 62% of analysts recommended buying, 19% suggested holding, and 5% suggested selling the shares. But before investing in LIC, consider its long-term performance and consult your analyst to make the perfect move.
