LIC Share Price Target 2023, 2024, 2025, 2027, 2030: Friends, today in this article we will discuss about the share price target 2023, 2025, 2027, 2030 of Life Insurance Corporation of India (LIC) company.
We will go into great detail today on LIC Shares, the largest insurance company operating in the Indian market. We shall be able to ascertain future expansion rates shown by cities of LIC. How will this company act on the market in the following days and what will be its share price in the next years?
May 17, 2022: The Indian Life Insurance Company went public on the stock market. Listing on the stock market, this share had skyrocketed.
LIC Company Profile
Life Insurance Corporation of India or LIC is the largest life insurance company in India. The Indian Parliament passed the Indian Life Bill on 17 June 1956. Under which Life Insurance Corporation of India came into existence on 01 September 1956.
Its headquarters is in Mumbai, the financial capital of India. Presently Shri MR Kumar is the Chairman of Life Insurance Corporation of India (LIC).
It is a company owned by the Government of India. The Government of India has sold 3.5% stake of this company to the public in the stock market.
Life Insurance Corporation of India has 8 zonal offices and 101 divisional offices located in different departments of India. Its approximately 248 offices are located in many cities of the country.
There are more than 20 lakh agents working as agents in Indian Life Insurance Company, who bring new customers from the market every day, thus the profit of the company keeps increasing.
| Attribute | Details |
| Name | Life Insurance Corporation of India (LIC) |
| Type | Public Sector Life Insurance Company |
| Headquarters | Mumbai, India |
| Ownership | Government of India |
| Administrative Control | Ministry of Finance |
| Establishment | September 1, 1956 |
| Legislation | Life Insurance of India Act, 1956 |
| Nature | Nationalized Insurance Industry in India |
| Assets Under Management (As of March 2023) | ₹45.7 trillion (US$570 billion) |
| Status | India’s Largest Insurance Company |
| Institutional Investor Rank | Largest Institutional Investor in India |
| Merger Details | Over 245 insurance companies and provident societies merged |
LIC Company Performance
The table given below tells what percentage of loss or profit LIC share is giving within a day, 1 week, 1 month, 6 months.
| 1 Day | ▼0.6% |
| 1 Week | ▲8.7% |
| 1 Month | ▲10.0% |
| 6 Month | ▲4.4% |
Products of Life Insurance Corporation of India:
Life insurance
Health insurance
Investment management
Mutual fund
Pension Plan
Withdrawn Plan
Subsidiaries of LIC:
LIC Housing Finance
LIC International Ltd
LIC Cards Services Ltd
LIC Mutual Fund Ltd
LIC Pension Fund Ltd
IDBI Bank
LIC – Fundamental Analysis
| Company Essentials | Values |
| MARKET CAP | ₹ 4,30,289.59 Cr. |
| ENTERPRISE VALUE | ₹ 3,91,936.14 Cr. |
| NO. OF SHARES | 632.50 Cr. |
| P/E | 11.56 |
| P/B | 7.02 |
| FACE VALUE | ₹ 10 |
| DIV. YIELD | 0.45 % |
| BOOK VALUE (TTM) | ₹ 96.88 |
| CASH | ₹ 38,353.46 Cr. |
| DEBT | ₹ 0 Cr. |
| PROMOTER HOLDING | 96.5 % |
| EPS (TTM) | ₹ 58.86 |
| SALES GROWTH | 195.64 |
| ROE | 129.56 % |
| ROCE | 129.77 % |
| PROFIT GROWTH | 800.23 % |
LIC Share Price Target 2023
LIC is the biggest name in the Indian insurance market because it is the largest insurance company in India. This is a company fully owned by the Government of India, hence the trust in this company increases even more.
Today, if it comes to insurance, the first name that comes to mind is LIC. People trust this company so much that as soon as they hear its name, people take its policy and do not even ask what profit they will get in it.
Today it has more than 62% share in the market and this company has been in profit since the beginning and now that this company has entered the share market, it will work more aggressively towards profit.
LIC Share Price Target In 2023, the company’s shares may show growth to ₹ 750 in the first quarter and ₹ 850 in the second quarter.
LIC Share Price Target 2024
The current market capitalization of LIC is more than Rs 4,58,000 crore. LIC company comes in large-cap category.
At present, no other company has the amount of money that LIC has, hence this company has no shortage of money and due to its strong brand value, it remains on top in the competition in the market.
Due to changes in accounting policy, LIC’s profit increased to Rs 14,271.80 crore in the second quarter of FY 23.
For this reason, again the share of LIC is seen around ₹ 720 and it is increasing day by day.
LIC shares have risen almost 12% during the last several days. Experts believe that LIC shares have just gained speed once again and will keep increasing.
Target Share Price In the first quarter 2024 the company’s shares might show increase up to ₹ 900 and in the second quarter ₹ 1000.
LIC Share Price Target 2025
LIC is planning to transfer a huge amount from non-participating policy holders funds to the shareholders fund account.
Apart from this, the proposed changes of the sectoral regulator will be of great help to LIC. More than 1.40 lakh agents are working for LIC. It is possible for so many people to work as agents for this company because people get confidence in it as soon as they hear the name of LIC.
Today, you will definitely find its office or agent selling insurance policies in every district, village and city of India.
Being a government company, people have more confidence in it, that is why people do not hesitate in buying its shares.
LIC Share Price Target In 2025, the company’s shares may show growth to ₹ 1120 in the first quarter and ₹ 1320 in the second quarter.
LIC Share Price Target 2027:
Life Insurance Corporation of India has increased its stake in HDFC by over 5 per cent after acquiring shares from the open market.
LIC is disinvesting in private companies due to which its profit is increasing further. In the last few years, people’s confidence in insurance has increased and now almost everyone has started taking insurance. At present, most of the insurance policies are being sold by LIC.
LIC sends its policies both online and offline but a major part of it comes from the offline market only.
With increasing competition, private companies are selling policies to people online. If LIC company does not insist on selling its policies through online medium soon, then its market share may be affected.
LIC Share Price Target In 2027, the company’s shares may show growth to ₹ 1450 in the first quarter and ₹ 1600 in the second quarter.
LIC Share Price Target 2030:
Even today, very little of the Indian population has knowledge about insurance. Due to the pandemic in the last few years, people have become more aware about insurance and now they have started getting themselves insured.
Insurance has just started in the Indian market and is going to grow with huge growth in the coming years.
In the last few months itself, LIC has increased the stake of Life Insurance Corporation in Bharat Petroleum Corporation Limited from 7.030% to 9.041%.
People’s salaries are also increasing every year. Due to the advent of online insurance policy, everyone is becoming aware of its benefits, so more and more people are now buying insurance policies which will be very beneficial for LIC.
LIC is investing its money in good industries due to which its invested money is giving good returns every year, due to which its stock will see a big year by 2030.
LIC Share Price Target In 2030, the company’s shares may show growth up to ₹ 2100 in the first quarter and ₹ 2400 in the second quarter.
LIC Share Price Target 2023, 2024, 2025, 2027, 2030 Table:
| Year | LIC Share Price Target |
| First Target 2023 | Rs 750 |
| Second Target 2023 | Rs 850 |
| First Target 2024 | Rs 900 |
| Second Target 2024 | Rs 1000 |
| First Target 2025 | Rs 1120 |
| Second Target 2025 | Rs 1320 |
| First Target 2027 | Rs 1450 |
| Second Target 2027 | Rs 1600 |
| Target 2030 | Rs 2030 |
LIC Share Future :
LIC is a cash rich company, it does not have any kind of debt due to which the company is free to take its decisions.
The ROE of this company is excellent at 82.32% and RoCE at 82.50% which shows how strong the financial condition of the company is.
The company manages assets worth Rs 39 lakh crore. This is much more than the entire mutual fund industry. Along with this, the company invests the funds in stocks and bonds.
At present, despite so much competition in this sector, the company has more than 62% market share. As per the latest data, its total AUM (Asset under management) is Rs 39 lakh crore.
Life Insurance Corporation of India is gradually moving forward in selling policies online, this shows how diligent the company is in its business, hence the future of the shares of this company is going to be very good.
Risk of LIC Share:
Insurance is a competitive market, as competition is increasing in this market, LIC’s market share is also decreasing. If we talk about the year 1991, at that time the company had 95% share in the market.
But by the year 2022, the stake of this company has reduced to only about 60%, which remains a matter of concern.
The company has shown growth of only 2.96% in the last 5 years which is very less as compared to other companies.
The company works completely under government ownership, hence not much attention is paid towards its growth due to which the profits of the company are decreasing.
Most of the company’s money is invested in government companies. Due to which, if government companies go bankrupt, LIC’s money also goes bankrupt, hence the RIC remains in its shares.
my opinion:-
LIC is another name for trust. LIC has strengthened its brand so much that people trust it together. This company is one of the largest and oldest companies in India in the field of insurance, so there can be no doubt about its way of doing business.
Ever since the pandemic, people have become more interested in insurance, so there is no doubt that the insurance market is going to become huge in the coming years.
In my opinion, if you invest in LIC shares now, you will get good returns in the coming years.
LIC Shareholder Ratio:
In 9 months, the promoter is the shareholder of 96.50% of the Life Insurance Corporation of India company and the public holds 3.50% of its shares.
| Promoter | Public | Year |
| 96.50 | 3.50 | 2022 – 09 |
| 96.50 | 3.49 | 2022 – 06 |
Competitors of LIC:
As the insurance business is increasing in India, new companies are entering this sector. Which is coming up with good insurance policies to attract the customers.
Due to this, the competitors of LIC are increasing day by day, out of which the list of some of the main competing companies is as follows.
SBI Life Insurance Company Ltd,
HDFC Standard Life Insurance Co Ltd,
ICICI Prudential Life Insurance Co Ltd.
TATA AII Insurance Co Ltd.
MAX Life Insurance Co Ltd.
Kotak Life Insurance
LIC Share Highest Price in History
The highest share price in the history of LIC reached Rs 918.95 in the year 2022.
Disclaimer –
Whatever information we have given in this article has been given based on our knowledge and market research. We are not SEBI registered advisors. We have not given any investment advice on this stock. Please do your own research or consult your financial advisor before making any investments.
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FAQ’s
How will be the LIC share future?
People’s inclination towards insurance is going to increase in the coming years, due to which the future of LIC shares is going to be great.
Is LIC a debt free company?
LIC is a debt free company.
What is LIC famous for?
LIC is India’s largest insurance policy selling company.
Who is the owner of LIC?
The Government of India owns LIC.
Is LIC a good stock to invest?
ROE and RoCE are above 80, debt free company, strong brand image makes LIC a good company. Therefore this stock is a good stock to invest.
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