LIC stock is up 16% in July on the BSE; what's fueling the rise? Check here

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LIC stock is up 16% in July on the BSE; what's fueling the rise? Check here - Business Standard

Quick Summary:

Analysts remain optimistic about the medium-term outlook for the life insurance sector, and expect Retail APE to grow ~12-13 per cent during FY25E.

On total APE basis, the private sector posted 19.7 per cent YoY growth, whereas LIC saw 20.8 per cent YoY growth in Jun-24, thus culminating in 20.2 per cent YoY growth for the industry.

With the launch of several non-par products during FY24, the share of non-par products is expected to increase, with value of new business (VNB) margin inching up, to 14.7 per cent during Q1FY25E, from 13.7 per cent during Q1FY24.