Life Insurance Corporation of India logo

Life Insurance Corporation of India share price

NSE: LICIBSE: 543526InsuranceLarge Cap

Face value ₹10 · Listed May 2022 · Issue price ₹949
Last close ₹391.45up ₹3.75 (0.97%)BSE ₹391.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹387.70.

28 Oct: open ₹387.70, high ₹393.00, low ₹384.40

52-week range of traded prices to 28 Oct 2026
₹360.75Low, 2 Apr 2026₹468.48High, 7 Nov 2025
Market cap
₹4,95,184 Cr11th largest listed
P/E
8.24
P/B
2.59
Dividend yield
2.55%
ROE
36.3%
Solvency
2.42times the capital required
Gross premium
₹5,38,379 Cr
First-year premium
₹42,108 Cr
Expense ratio
11.93%
Persistency, 13 months
74.64%
Conservation
92.33%
Volume, NSE
48,04,42264.2% delivered

Life Insurance Corporation of India share price chart

Daily closes since May 2022, adjusted for splits and bonuses

−13.0%over a year · Nifty 500 −8.8%

ResultsSplit, bonus, rights or demerger20-session average 65,35,927 shares a day, 59.7% delivered

About Life Insurance Corporation of India

Life Insurance Corporation of India is a statutory corporation that sells life insurance in India and abroad.1 Its policies cover individual life, group, annuity (a regular income bought with a lump sum), pension, health, micro insurance and unit-linked plans.1 It sells to individuals and to group customers such as companies, government bodies and associations, and offers low-cost policies to low-income households under government schemes.2

For its funds in India, the LIC Act gives holders of participating policies at least 90% of their fund's surplus, with the rest going to its members (shareholders), and gives members 100% of the non-participating fund's surplus.34 It sells through its own agents, bancassurance partners (banks that sell its policies), corporate agents, brokers, insurance marketing firms and digital platforms.5

Outside India it has branches in Fiji, Mauritius and the United Kingdom, and subsidiaries in Bahrain, Nepal, Sri Lanka, Bangladesh and Singapore.36 The UK branch stopped selling new policies in June 2024 and the Singapore subsidiary in October 2025; both now only service existing policies.7 It was set up on 1 September 1956 under the Life Insurance Corporation Act, 1956, by nationalising 245 private companies, and its shares were listed on the NSE and BSE in May 2022.81

In India its subsidiaries are LIC Pension Fund, which manages pension schemes regulated by the pension regulator, and LIC Cards Services, which markets partner banks' credit cards.9

Life Insurance Corporation of India key points

Results

  • On a standalone basis, total premium income (premiums less the share passed to reinsurers) was ₹1,27,250 crore in the quarter to Jun 2026, against ₹1,19,200 crore a year earlier, and profit after tax was ₹13,492 crore, against ₹10,986 crore.101112
  • Net value of new business (net VNB, the expected profit from policies sold in a period) was ₹3,136 crore in the quarter to Jun 2026, against ₹1,944 crore a year earlier; the net VNB margin was 22.9%, against 15.4%.13
  • In the year to Mar 2026, standalone total premium income net of reinsurance ceded, as the company presents it, was ₹5,35,984.22 crore, against ₹4,88,148.16 crore a year earlier, and VNB was ₹14,179 crore at a 21.2% margin, against ₹10,011 crore at 17.6%.1415
  • On its earnings call of 6 Aug 2026, the company said it expects the VNB margin to keep improving over the next few quarters, with the risk-free interest rate the one uncertain factor.16

Market position

  • Share of the Indian life insurance market1718
    Itemquarter to Jun 2026quarter to Jun 2025
    First-year premium, all business60.10%63.51%
    First-year premium, individual38.89%38.76%
    First-year premium, group70.90%76.54%
    Number of policies sold60.73%63.07%

Revenue mix

  • Premium income by type1920
    Itemquarter to Jun 2026quarter to Jun 2025
    Individual, new business₹14,351 crore₹12,536 crore
    Individual, renewal₹61,065 crore₹58,938 crore
    Group₹51,834 crore₹47,726 crore
  • Annualised premium equivalent (new premiums, with single premiums counted at a tenth) by line2122
    Itemquarter to Jun 2026quarter to Jun 2025
    Individual, participating₹5,085 crore₹4,919 crore
    Individual, non-participating₹2,447 crore₹2,142 crore
    Group₹6,160 crore₹5,590 crore
    Total₹13,692 crore–
  • At the end of June 2026 it offered 59 products and riders: 37 individual products, 13 group products, 1 product for both, 7 individual riders (optional add-on covers) and 1 group rider.23

New business by state

  • Share of new business premium in India, largest states24
    Itemquarter to Jun 2026
    Uttar Pradesh11.99%
    Maharashtra11.15%
    West Bengal9.48%
    Tamil Nadu6.74%
    Karnataka6.65%

Capital and policy measures

  • Assets under management were ₹59,39,384 crore at the end of June 2026, against ₹57,05,341 crore a year earlier, and the solvency ratio (available capital as a multiple of the regulator's minimum) was 2.42, against 2.17.2526
  • Indian Embedded Value (the actuarial value of shareholders' interest in the policies in force) rose 1.58% to ₹7,89,185 crore at the end of March 2026, from ₹7,76,876 crore a year earlier.27
  • Persistency (the share of premiums still being paid on policies sold earlier), measured up to the quarter to Jun 2026, was 75.33% at the 13th month and 61.12% at the 61st month, against 75.63% and 63.85% a year earlier.28
  • The death claim settlement ratio (the share of death claims the company settled) was 94.03% in the quarter to Jun 2026, against 94.59% a year earlier.29

Branches and reach

  • It had 14.46 lakh agents at the end of June 2026, 43.69% of all life insurance agents in India, and agents sold 98.51% of its policies in the quarter.303132
  • At the end of June 2026 it had 113 divisional offices, 2,130 branch offices, including 78 pension and group scheme units, and 1,584 satellite offices.30
  • Bancassurance and alternate channels, including micro insurance, brought ₹907.14 crore of new business premium in the quarter to Jun 2026, against ₹861.92 crore a year earlier, or 6.34% of individual new business premium.3334
  • Under Bima Sakhi, an agency scheme for women launched on 9 Dec 2024, 2.87 lakh women agents were in place at the end of June 2026 and had sold 4.52 lakh policies with ₹656.91 crore of new business premium.3536

Recent events

  • Dinesh Pant ceased to be a Managing Director on 24 Sep 2026 after the Government of India approved his voluntary retirement; in June 2026 the government had appointed him a whole-time member of the insurance regulator, IRDAI.3738
  • On 1 Jun 2026 it launched LIC's New Jeevan Sathi, a joint-life savings plan, in single-premium and limited-premium versions; on 1 Apr 2026 it withdrew LIC's Nav Jeevan Shree single-premium plan.2339
  • Its branch at the International Financial Services Centre in GIFT City, Gandhinagar, Gujarat, began operations on 27 Feb 2026.40

Litigation and regulatory matters

  • On a consolidated basis, disputed statutory demands, including interest and penalty, not provided for in the accounts were ₹14,691.03 crore at the end of March 2026, against ₹24,111.08 crore a year earlier.41
  • On 25 Mar 2026 it received an income tax demand for the year to Mar 2022 of ₹61,46,71,18,015 in tax and ₹9,53,25,87,935 in interest, appealable before the Commissioner of Income Tax (Appeals).42
  • On 10 Dec 2025 Maharashtra's GST authority demanded ₹13,82,51,99,038 in tax, ₹8,49,56,90,949 in interest and ₹1,38,25,19,904 in penalty, alleging excess input tax credit (tax paid on purchases set against tax due) in years up to Mar 2024; the order is appealable.43

Last updated

All 43 sources, each with its page
  1. 1. Annual report, 3 Jul 2026, page 475
  2. 2. Annual report, 3 Jul 2026, page 338
  3. 3. Annual report, 3 Jul 2026, page 265
  4. 4. Annual report, 3 Jul 2026, page 265
  5. 5. Annual report, 3 Jul 2026, page 247
  6. 6. Annual report, 3 Jul 2026, page 827
  7. 7. Annual report, 3 Jul 2026, page 265
  8. 8. Annual report, 3 Jul 2026, page 222
  9. 9. Annual report, 3 Jul 2026, page 264
  10. 10. Investor presentation, 6 Aug 2026, page 10
  11. 11. Investor presentation, 6 Aug 2026, page 12
  12. 12. Investor presentation, 6 Aug 2026, page 51
  13. 13. Earnings call, 6 Aug 2026, page 5
  14. 14. Investor presentation, 6 Aug 2026, page 50
  15. 15. Annual report, 3 Jul 2026, page 249
  16. 16. Earnings call, 6 Aug 2026, page 14
  17. 17. Earnings call, 6 Aug 2026, page 4
  18. 18. Investor presentation, 6 Aug 2026, page 10
  19. 19. Earnings call, 6 Aug 2026, page 4
  20. 20. Investor presentation, 6 Aug 2026, page 10
  21. 21. Investor presentation, 6 Aug 2026, page 16
  22. 22. Earnings call, 6 Aug 2026, page 4
  23. 23. Investor presentation, 6 Aug 2026, page 6
  24. 24. Investor presentation, 6 Aug 2026, page 32
  25. 25. Investor presentation, 6 Aug 2026, page 12
  26. 26. Investor presentation, 6 Aug 2026, page 12
  27. 27. Annual report, 3 Jul 2026, page 249
  28. 28. Earnings call, 6 Aug 2026, page 6
  29. 29. Investor presentation, 6 Aug 2026, page 12
  30. 30. Investor presentation, 6 Aug 2026, page 25
  31. 31. Investor presentation, 6 Aug 2026, page 21
  32. 32. Earnings call, 6 Aug 2026, page 5
  33. 33. Earnings call, 6 Aug 2026, page 5
  34. 34. Earnings call, 6 Aug 2026, page 6
  35. 35. Earnings call, 6 Aug 2026, page 7
  36. 36. Investor presentation, 6 Aug 2026, page 24
  37. 37. Exchange filing, 25 Sep 2026, page 1
  38. 38. Exchange filing, 25 Sep 2026, page 3
  39. 39. Investor presentation, 6 Aug 2026, page 8
  40. 40. Annual report, 3 Jul 2026, page 265
  41. 41. Annual report, 3 Jul 2026, page 835
  42. 42. Exchange filing, 25 Mar 2026, page 1
  43. 43. Exchange filing, 10 Dec 2025, page 1

Results

Consolidated; ₹ crore. Gross premium is what policyholders paid in the period, before the part passed on to reinsurers.Life Insurance Corporation of India quarterly results

Gross premium growth, 12 months
+10.3%
Net profit growth, 12 months
+23.3%

Quarter to Jun 2026, against the quarter before

Gross premium
₹1,27,796 Cr
Net profit
₹13,584 Crdown 42.11%

Gross premium by quarter

₹1,20,478 CrSep 24₹1,07,428 CrDec 24₹1,48,222 CrMar 25₹1,19,754 CrJun 25₹1,27,087 CrSep 25₹1,26,177 CrDec 25₹1,65,361 CrMar 26₹1,27,796 CrJun 26
Peak gross premium ₹1,65,361 Cr, quarter to Mar 2026; lowest ₹1,07,428 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹7,729 CrSep 24₹11,009 CrDec 24₹19,039 CrMar 25₹10,957 CrJun 25₹10,098 CrSep 25₹12,930 CrDec 25₹23,467 CrMar 26₹13,584 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Gross premium1,20,4781,07,4281,48,2221,19,7541,27,0871,26,1771,65,3611,27,796
Net profit7,72911,00919,03910,95710,09812,93023,46713,584
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of net premium, year to Mar 2026, consolidated.Segment revenue and profit

  • Life Participating₹2,84,776 Crup 1.90%53.0%
  • Life Non Participating₹1,06,880 Crup 49.49%19.9%
  • Pension Non Participating₹1,06,654 Crup 0.06%19.8%
  • Linked Life Non Participating₹20,835 Crup 47.77%3.9%
  • Annuity Non Participating₹15,826 Crup 0.18%2.9%
  • Linked Pension Non Participating₹2,103 Cr0.4%
  • Pension Participating₹319 Cr0.1%
  • Health Non Participating₹172 Cr0.0%
  • Linked Health Non Participating₹33 Cr0.0%
  • Variable Non Participating₹3 Cr0.0%
  • Annuity Participating₹2 Cr0.0%
  • Capital Redemption Annuity certain Non Participating₹1 Cr0.0%
The pill is the change in net premium on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Life Insurance Corporation of India PE ratio and valuation

Price to earnings

At or below today's level on 2% of 606 trading days over the last 3 years.

LowestHighest
Its median11.32Industry median35.88
Price to book

At or below today's level on 1% of 905 trading days since Aug 2022.

LowestHighest
Its median5.76Industry median4.40
Dividend yield

At or below today's level on 99% of 1,100 trading days since May 2022.

LowestHighest
Its median0.71%Industry median0.54%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−6.5%+18.9%−23.7%2.8%
3 years+12.5%+16.9%−5.2%1.8%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Life Insurance Corporation of India shareholding pattern

Shareholding by group

  • Promoters90.00%
  • Foreign institutions1.55%
  • Indian institutions6.17%
  • Individuals and others2.28%
Holder
President of IndiaPromoter90.00%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters −6.50 pts, foreign institutions +1.11 pts, Indian institutions +5.18 pts, mutual funds +4.66 pts.

Mutual fund holdings

245 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 93 of the 123 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 245 funds holding Life Insurance Corporation of India

Bought for the first time
7
Bought again
4
Added
85
Cut
38
Held unchanged
107
Sold out
11
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Life Insurance Corporation of India insider trading

Bought on the market Sold on the market
  • Promoters and promoter group0 purchases, 1 saleNo purchase₹31,552 CrNet−₹31,552 Cr
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Life Insurance Corporation of India competitors and peers

Insurance, 13 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Life Insurance Corporation of India in market cap.Finance companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
SBI Life Insurance Company logoSBI Life Insurance CompanySBILIFE1,67,23862.988.14+16.9%+8.2%13.7%–0.16%
HDFC Life Insurance Company logoHDFC Life Insurance CompanyHDFCLIFE1,11,69354.535.74+17.8%+8.2%11.2%–0.41%
ICICI Lombard General Insurance Company logoICICI Lombard General Insurance CompanyICICIGI79,12930.974.40+14.3%−8.8%15.2%–0.88%
ICICI Life Insurance logoICICI Life InsuranceICICILIFE59,79133.984.09+15.2%+34.0%12.9%–0.40%
General Insurance Corporation of India logoGeneral Insurance Corporation of IndiaGICRE57,0366.410.93+4.3%+4.0%15.8%–4.08%
Max Financial Services logoMax Financial ServicesMFSL42,263–7.39+17.6%––4.1%0.00%
Star Health and Allied Insurance Company logoStar Health and Allied Insurance CompanySTARHEALTH30,56429.004.03–+97.7%14.4%–0.00%
The New India Assurance Company logoThe New India Assurance CompanyNIACL27,10037.781.11+10.5%−36.6%3.0%–0.91%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. Income growth is the growth of everything the company earns: interest, fees, premiums and the rest.

Dividends

Per share, by the year it was paid for, and the latest payments.Life Insurance Corporation of India dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.8Mar 221.5Mar 235Mar 246Mar 2510Mar 26
Highest ₹10.00 a share, year to Mar 2026.
Ex-dateTypePer share
25 Jun 2026Final₹10.00
25 Jul 2025Final₹12.00
19 Jul 2024Final₹6.00
21 Feb 2024Interim₹4.00
21 Jul 2023Final₹3.00
25 Aug 2022Final₹1.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Life Insurance Corporation of India announcements

Life Insurance Corporation of India share price by year

Each calendar year to 2025.Life Insurance Corporation of India share price history

YearClose at year endChangeHighest closeLowest close
2025427.45−4.2%486.40364.60
2024446.00+7.1%594.05411.93
2023416.25+21.6%416.25265.93
2022342.30–438.18294.60
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 17 May 2022.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026381.20389.20380.80387.70386.5576,28,20562.1%
26 Oct 2026381.50385.20377.40380.95381.1375,82,93262.1%
23 Oct 2026388.10388.75377.10381.50380.271,09,50,32564.5%
22 Oct 2026390.10391.00384.20387.50387.501,04,69,73378.2%
21 Oct 2026394.00397.15389.15392.05390.7292,29,85374.2%
19 Oct 2026396.10398.00391.00393.35392.9157,25,23476.8%
16 Oct 2026395.00398.30391.40397.75395.3666,24,97055.8%
15 Oct 2026401.90401.90393.10394.00396.1399,13,10248.0%
14 Oct 2026394.80395.85391.35394.00393.5649,18,61854.0%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
29 May 2026Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details