# LICI (LICI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/lici

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹399.65
- Change: -0.09%
- As of: 2026-09-18
- 1D return: +1.92%
- 5D return: +0.52%
- 1M return: -2.70%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹407.7, below key moving averages on the daily and monthly charts, indicating a bearish technical stance. The weekly timeframe presents a conflicting signal, with the price above the Supertrend indicator, suggesting potential underlying strength.

On the daily chart, the price is below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), with negative slopes, and also below the 200-day SMA and the Supertrend. This suggests downward momentum. The monthly chart shows a similar pattern, with the price below its 20-day EMA and SMA, and the Supertrend, reinforcing the bearish outlook on this longer timeframe. In contrast, the weekly chart shows the price above the Supertrend, though below its 20-day and 50-day EMAs and SMAs, indicating a mixed picture across timeframes.

The nearest support level is observed at ₹406.48, approximately 0.3% below the current price. Resistance is noted around ₹412.97, about 1.3% higher. The stock has experienced a recent "Hammer" pattern on the weekly chart and an "Inside Bar" on the monthly chart, both active as of September 18, 2026. The stock's annualized volatility stands at 25%, with a current drawdown of -16%. A notable anomaly occurred on September 15, 2026, with a moderate downward move and a wide intraday range.

Key watch conditions include monitoring the ₹406.48 support level for potential breaches, which could signal further downside. Conversely, a sustained move above the nearest resistance at ₹412.97 could indicate a shift in short-term sentiment. The divergence between the daily/monthly bearish signals and the weekly bullish Supertrend signal warrants close observation for a clearer trend direction.

- The stock closed at ₹407.7 on September 18, 2026.
- Daily and monthly timeframes show price below key moving averages and Supertrend, indicating bearish conditions.
- Weekly timeframe shows price above Supertrend, suggesting a conflicting signal.
- Nearest support is at ₹406.48 (0.3% below current price); nearest resistance is at ₹412.97 (1.3% above current price).
- Active patterns as of September 18, 2026, include a weekly "Hammer" and a monthly "Inside Bar".
- Annualized volatility is 25%, with a current drawdown of -16%.

- Hammer
- Inside Bar
- Harami
- Evening Star
- Outside Bar

### News Context

The National Stock Exchange of India's (NSE) Initial Public Offering (IPO) continued to see investor interest on its second day, September 18, 2026, with 55% of the issue subscribed. This follows a 43% subscription rate on the opening day, September 17, 2026. The IPO, valued at ₹22,569 crore, is noted as India's second-largest public issue. On the first day, non-institutional investors (NIIs) showed strong demand, subscribing to 72% of their allocated portion, while the retail investor segment was subscribed at 44%. By the second day, the NII and employee portions were fully booked.

- On September 18, 2026, the NSE IPO achieved 55% subscription by midday on its second day.
- The NSE IPO, valued at ₹22,569 crore, was subscribed 43% on its opening day, September 17, 2026.
- On September 17, 2026, non-institutional investors subscribed to 72% of their quota, and retail investors subscribed to 44% of their quota.
- By September 18, 2026, the non-institutional investor and employee portions of the NSE IPO were fully subscribed.

- NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked
- NSE's Rs 22,569-crore IPO sees 43% subscription on opening day
- NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
- NSE IPO subscribed 43% on first day as non-institutional investors lead
- NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand

### What Changed

Recent news for the National Stock Exchange (NSE) indicates a significant Initial Public Offering (IPO) process, with the exchange's Rs 22,569-crore issue seeing 43% subscription on its opening day, September 18, 2026. By Day 2, the subscription level reached 55%, with Non-Institutional Investors (NIIs) and employee portions fully booked. The IPO is noted as India's second-largest public issue. In terms of price movements, Life Insurance Corporation of India (LICI) saw its price increase from ₹400.0 to ₹407.7 between the previous observation and September 18, 2026. The company's common name remains Life Insurance Corporation of India, listed on the NSE.

- On September 18, 2026, the National Stock Exchange (NSE) IPO, valued at ₹22,569 crore, achieved 43% subscription on its opening day.
- By the second day of bidding, the NSE IPO's subscription level increased to 55%, with NIIs and employee portions fully subscribed.
- The NSE IPO is reported as India's second-largest public issue.
- LICI's price moved from ₹400.0 to ₹407.7 as of September 18, 2026.

- NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked
- NSE's Rs 22,569-crore IPO sees 43% subscription on opening day
- NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
- NSE IPO subscribed 43% on first day as non-institutional investors lead
- NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand

### Official Filings

Life Insurance Corporation of India (LICI) has announced the launch of two new products, LIC's Bima Platinum and LIC's Jeevan Raksha, effective September 7, 2026. Bima Platinum is described as a non-participating, non-linked savings plan, while Jeevan Raksha is a pure risk plan, both designed for individual customers in the domestic market. This product expansion aims to cater to different customer needs within the life insurance sector.

In terms of management changes, Shri K Seshagiridhar ceased his role as Executive Director effective August 31, 2026, due to retirement. Concurrently, Shri Madhu V. S. was re-designated as Additional Director at the Management Development Centre, Mumbai, elevating him to Senior Management Personnel status. These changes in leadership roles are part of the company's ongoing organizational adjustments.

LICI also provided an update on its shareholding pattern as of July 31, 2026, following an Offer for Sale (OFS). The total outstanding equity shares were reported at 12,649,995,400, with the Promoter & Promoter Group holding 100%. The filing indicated zero partly paid-up shares, convertible securities, or encumbered shares, and noted foreign ownership utilization at 1.23% against a 20% limit. Additionally, the company is scheduled to participate in several investor meets, including the Jefferies 5th India Forum on September 18, 2026, the Anand Rathi G-200 Summit on September 21, 2026, and the J P Morgan India Conference on September 22, 2026, where it plans to present its August 2026 corporate presentation.

- New products LIC's Bima Platinum (non-par, non-linked savings) and LIC's Jeevan Raksha (pure risk) launched effective September 7, 2026.
- Executive Director Shri K Seshagiridhar ceased employment on August 31, 2026, due to retirement.
- Shri Madhu V. S. was re-designated as Additional Director and elevated to Senior Management Personnel status, effective August 17, 2026.
- As of July 31, 2026, total equity shares outstanding were 12,649,995,400, with 100% held by Promoter & Promoter Group.
- LICI to participate in investor meets on September 18, 21, and 22, 2026, in Gurgaon and Mumbai.

- The Exchange has sought clarification from Life Insurance Corporation Of India for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited. |SUBJECT: Clarification - Financial Results
- Life Insurance Corporation of India has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Life Insurance Corporation Of India has informed the Exchange about the Corporation's participation in three Investor Meets/Conferences. |SUBJECT: General Updates
- Life Insurance Corporation Of India has informed the Exchange about the cessation of Senior Management Personnel. |SUBJECT: Change in Management
- Life Insurance Corporation of India has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Life Insurance Corporation Of India has informed the Exchange about the launch of new products. |SUBJECT: General Updates
- Life Insurance Corporation of India has informed the Exchange about Product launch (Sub-para 3-Para B) |SUBJECT: Product launch (Sub-para 3-Para B)
- Life Insurance Corporation Of India has informed the Exchange about subscribed for Non-Convertible Debentures for Bajaj Finance Limited. |SUBJECT: General Updates
- Life Insurance Corporation Of India has informed the Exchange regarding 'Post OFS Shareholding Pattern'. |SUBJECT: Updates
- Life Insurance Corporation Of India has informed the Exchange about re-designation of Senior Management Personnel. |SUBJECT: General Updates

### Fundamentals

Life Insurance Corporation of India (LICI) reported its financial results for the period ending Q4 FY2025-26. Gross Premium Income for the quarter stood at ₹1,65,360.78 crore. This was supported by an increase in First Year Premium to ₹13,009 crore and Renewal Premium to ₹82,233.16 crore. Single Premium also saw a significant rise to ₹70,118.62 crore in Q4 FY2025-26.

Expenses of Management for Q4 FY2025-26 were ₹20,698.67 crore, an increase from ₹15,643.45 crore in Q3 FY2025-26. Administration Expenses for the latest quarter were ₹3,021.59 crore, showing a slight decrease from ₹3,051.30 crore in the preceding quarter.

Key monitoring areas for LICI include the sustained growth in premium income across all categories and the management of operating expenses relative to income generation. Investors may also wish to monitor the trend in Administration Expenses.

- Gross Premium Income for Q4 FY2025-26 was ₹1,65,360.78 crore.
- Income First Year Premium in Q4 FY2025-26 was ₹13,009 crore.
- Income Renewal Premium in Q4 FY2025-26 reached ₹82,233.16 crore.
- Income Single Premium for Q4 FY2025-26 was ₹70,118.62 crore.
- Expenses of Management in Q4 FY2025-26 were ₹20,698.67 crore.

### Bull Case

The company's weekly technical trend indicates a bullish signal, with the Supertrend indicator suggesting an upward movement. This is supported by a positive return of 4% over the last six months. However, the daily and monthly trends are currently showing a bearish direction, and the stock has experienced a drawdown of 16% with a maximum drawdown of 25%, indicating recent volatility.

- The weekly Supertrend indicator is currently in a bullish direction as of 2026-09-18.
- The company has achieved a return of 4% over the past six months.
- The stock has experienced a current drawdown of 16%.

- NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked
- NSE's Rs 22,569-crore IPO sees 43% subscription on opening day
- NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
- NSE IPO subscribed 43% on first day as non-institutional investors lead
- NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand

### Bear Case

The company's technical indicators suggest a cautious outlook. Daily and monthly trends indicate a bearish SuperTrend direction, with the daily EMA 20 slope at -5.11 and the monthly EMA 20 slope at -3.25, pointing to downward price momentum. The stock is trading below its 20-day, 50-day, and 200-day Simple Moving Averages (SMA) on a daily basis, and below its 20-day and 50-day SMAs on a monthly basis. Recent performance shows a negative return of -0.04 year-to-date and -0.08 over the past year. The risk and volatility metrics include an annualized volatility of 0.25 and a current drawdown of -0.16, with a maximum drawdown of -0.25, indicating significant price fluctuations and potential for further declines.

- Daily SuperTrend direction is bearish as of 2026-09-18.
- Monthly SuperTrend direction is bearish as of 2026-09-18.
- Year-to-date return is -0.04 as of 2026-09-18.
- The stock has experienced a current drawdown of -0.16 and a maximum drawdown of -0.25.
- The stock is trading below its 20-day SMA (411.21) and 50-day SMA (415.9) on a daily basis as of 2026-09-18.

- NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked
- NSE's Rs 22,569-crore IPO sees 43% subscription on opening day
- NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
- NSE IPO subscribed 43% on first day as non-institutional investors lead
- NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand

### FAQs

**What is the current technical trend for Life Insurance Corporation of India (LICI) based on daily, weekly, and monthly data?**

As of September 18, 2026, LICI's daily trend indicates a bearish SuperTrend at 415.83, with the closing price at 407.7. The weekly trend shows a bullish SuperTrend at 340.83, while the monthly trend also indicates a bearish SuperTrend at 530.46. Daily Exponential Moving Averages (EMA) are trending downwards, with the 20-day EMA at 407.99 and the 50-day EMA at 412.49.

**What recent corporate events and announcements have occurred for LICI?**

LICI has scheduled participation in three investor meets/conferences in September 2026: the Jefferies 5th India Forum in Gurgaon on September 18, the Anand Rathi G-200 Summit in Mumbai on September 21, and the J P Morgan India Conference in Mumbai on September 22. The company will present its August 2026 corporate presentation during these events. Additionally, Shri K Seshagiridhar ceased serving as Executive Director effective August 31, 2026, due to retirement. The exchange has also sought clarification from LICI regarding its financial results for the quarter ended June 30, 2026.

**How has LICI's stock performed over different periods?**

As of September 18, 2026, LICI's stock has shown mixed performance across different timeframes. It has returned 2% in the last trading day and 1% over the last 5 days. However, it has seen negative returns over longer periods, including -1% in the last month, -5% in the last 3 months, -4% year-to-date, and -8% in the last year. The return since the start of trading is -9%.

**What are the key support and resistance levels for LICI's stock?**

As of September 18, 2026, LICI's nearest support levels are identified at 406.48 (30% below the current price), 400.42, and 399.52. The nearest resistance levels are at 412.97 (1.29% above the current price), 414.50, and 418.97.

- NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked
- NSE's Rs 22,569-crore IPO sees 43% subscription on opening day
- NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
- NSE IPO subscribed 43% on first day as non-institutional investors lead
- NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand
- The Exchange has sought clarification from Life Insurance Corporation Of India for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited. |SUBJECT: Clarification - Financial Results
- Life Insurance Corporation of India has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Life Insurance Corporation Of India has informed the Exchange about the Corporation's participation in three Investor Meets/Conferences. |SUBJECT: General Updates
- Life Insurance Corporation Of India has informed the Exchange about the cessation of Senior Management Personnel. |SUBJECT: Change in Management
- Life Insurance Corporation of India has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹399.52
- Risk regime: Price Risk Requires Attention

### Support levels
- 400.42499999999995
- 379.775
- 370.23125

### Resistance levels
- 414.5
- 418.96845703125
- 429.0970703125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.92% |
| return_10 | -2.21% |
| return_1m | -0.56% |
| return_1y | -8.32% |
| return_20 | -2.70% |
| return_3m | -5.19% |
| return_5 | +0.52% |
| return_6m | +3.76% |
| return_since_start | -9.04% |
| return_ytd | -4.39% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -25.41% |
| annualized_volatility | +25.24% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Premium Surge and Tax Reversal Boost Net Surplus to Record High

Life Insurance Corporation of India (LIC) reported a substantial increase in total premium income for the quarter ended 31 March 2026, led by a sharp rise in single premium collections. Management expenses also expanded significantly, but profitability reached a new high. A notable feature was a negative tax provision, which lifted net surplus above the pre‑tax profit level. Asset quality improved, with gross

### Ratios

## Official filings

- 2026-09-18 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_18092026165154_Final_Update_Investor_Meet_180926.pdf)
- 2026-09-09 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-09-08 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260908_150838087.xml)
- 2026-09-08 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_08092026151349_investors_meet_08092026.pdf)
- 2026-08-31 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_31082026133602_Cessation__SMP_31082026.pdf)
- 2026-08-31 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20260831_133736527.xml)
- 2026-08-31 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_31082026144220_Product_Launch.pdf)
- 2026-08-31 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20463_WebXMLFile_20260831_164938054.xml)
- 2026-08-27 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_27082026163422_Final_Dis_270826.pdf)
- 2026-08-19 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_19082026133336_Final_Disc_PostOFS_SHP_190826.pdf)
- 2026-08-18 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_18082026181943_Appointment_SMP_18082026.pdf)
- 2026-08-18 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20260818_181432326.xml)
- 2026-08-17 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260817_164500666.xml)
- 2026-08-17 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_17082026170417_FinDis_Update_Inv_Meet_17082026.pdf)
- 2026-08-14 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260814_094852970.xml)
- 2026-08-13 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_13082026161830_Update_on_Investor_Meet_13082026.pdf)
- 2026-08-13 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260813_172328424.xml)
- 2026-08-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_12082026181235_Final_Dis_Trans_120826.pdf)
- 2026-08-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_12082026162851_Final_Dis_Present_120826.pdf)
- 2026-08-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260812_180900471.xml)
- 2026-08-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_12082026213745_Investors_Meet_17082026.pdf)
- 2026-08-07 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_07082026181212_Fin_Dis_PIT_070826.pdf)
- 2026-08-07 — Generic Announcement: Life Insurance Corporation of India announced its unaudited financial results for the quarter ended June 30, 2026, following approval by the Board of Directors on August 06, 2026. These results were published in the Business Standard, Navshakti, and Free Press Journal on August 07, 2026, and are also available on the corporation's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_07082026131055_Fin_Dis_NPA_070826.pdf)
- 2026-08-07 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20260807_102151907.xml)
- 2026-08-07 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_07082026180046_Fin_Dis_Prod_Launch_070826.pdf)

## News and market events

- 2026-09-18 — FREEPRESSJOURNAL.IN: **CBI Registers FIR Against Reliance Capital, Anil Ambani Over Alleged ₹2,684.57 Crore LIC Investment Fraud Case** — CBI filed an FIR based on LIC’s complaint against Reliance Capital, Anil Ambani and others over alleged financial irregularities. The agency said LIC alleged wrongful loss of ₹2,684.57 crore after investing ₹3,900 crore in NCDs issued by RCAP. CBI stated the case involves alleged cheating, diversion of funds and falsification of accounts, with investigation continuing. — [Source](https://www.freepressjournal.in/mumbai/cbi-registers-fir-against-reliance-capital-anil-ambani-over-alleged-268457-crore-lic-investment-fraud-case)
- 2026-09-18 — REDIFF.COM: **CBI Registers Case Against RCAP, Anil Ambani In Rs 2,684 Crore LIC Fraud** — The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud involving investments made by the Life Insurance Corporation of India (LIC). Anil Ambani has denied any wrongdoing. The LIC alleges criminal conspiracy, misrepresentation, and fraudulent diversion of funds. — [Source](https://www.rediff.com/news/report/anil-ambani-denies-wrongdoing-in-cbis-lic-fraud-case/20260918.htm)
- 2026-09-18 — REDIFF.COM: **Anil Ambani, RCAP Under CBI Scanner For Alleged Rs 2,684 Crore LIC Fraud** — The CBI has registered a case against Reliance Capital Limited (RCAP), its former chairman Anil Ambani, and others for an alleged Rs 2,684.57-crore fraud. The case stems from a complaint by the Life Insurance Corporation of India (LIC) regarding investments in RCAP's non-convertible debentures, alleging criminal conspiracy, misrepresentation, and fraudulent diversion of funds causing significant loss to LIC. — [Source](https://www.rediff.com/news/report/cbi-files-fir-against-reliance-capital-anil-ambani-over-lic-fraud/20260918.htm)
- 2026-09-18 — The Hindu: **CBI registers fresh case against Reliance Capital, Anil Ambani** — CBI files new case against Reliance Capital and Anil Ambani for allegedly causing ₹2,684.57 crore loss to LIC. — [Source](https://www.thehindu.com/news/national/cbi-registers-fresh-case-against-reliance-capital-anil-ambani/article71481447.ece)
- 2026-09-18 — FREEPRESSJOURNAL.IN: **CBI Registers FIR Against Reliance Capital, Anil Ambani Over Alleged ₹2,684.57 Crore LIC Fraud Case** — The CBI has registered an FIR based on LIC’s complaint against Reliance Capital, Anil D. Ambani and others in an alleged ₹2,684.57 crore fraud case. LIC alleged diversion and misuse of funds linked to investments in non-convertible debentures issued by RCAP. The agency said it is investigating all parties involved. — [Source](https://www.freepressjournal.in/business/cbi-registers-fir-against-reliance-capital-anil-ambani-over-alleged-268457-crore-lic-fraud-case)
- 2026-09-18 — Orissa POST: **CBI registers FIR against Anil Ambani, Reliance Capital over Rs 2,684.57 crore fraud - OrissaPOST** — New Delhi: The Central Bureau of Investigation (CBI) has registered an FIR based on a written complaint received from Life Insurance Corporation of India (LIC) against Reliance Capital Limited (RCAP), Anil D. Ambani, former chairman of Reliance Capital, Satish Seth, Group Managing Director of Reliance Anil Dhirubhai Ambani Group (ADA Group), unknown public servants and […] — [Source](https://www.orissapost.com/cbi-registers-fir-against-anil-ambani-reliance-capital-over-rs-2684-57-crore-fraud)
- 2026-09-18 — Times of India: **NSE IPO subscribed 1.16 times on Day 2 led by non-institutional investors, QIBs** — India Business News: NSE IPO subscription status: National Stock Exchange of India (NSE)’s initial public offering was fully subscribed on Friday, the second day of biddin. — [Source](https://timesofindia.indiatimes.com/business/india-business/nse-ipo-subscribed-1-16-times-on-day-2-led-by-non-institutional-investors-qibs/articleshow/134338877.cms)
- 2026-09-18 — The Hindu: **Anil Ambani denies 'any wrongdoing' after CBI lodges FIR over ₹2,684-cr LIC investment 'fraud'** — Anil Ambani denies wrongdoing in response to CBI FIR over ₹2,684-crore LIC investment fraud allegations. — [Source](https://www.thehindubusinessline.com/news/anil-ambani-denies-any-wrongdoing-after-cbi-lodges-fir-over-2684-cr-lic-investment-fraud/article71481990.ece)
- 2026-09-18 — IANSLIVE.IN: **CBI registers case against Anil Ambani, Reliance Capital in Rs 2,684 crore LIC fraud case** — New Delhi, Sep 18 (IANS) The Central Bureau of Investigation (CBI) has registered an FIR based on a written complaint received from Life Insurance Corporation of India (LIC) against Reliance Capital Limited (RCAP), Anil D. Ambani, former chairman of Reliance Capital, Satish Seth, Group Managing Director of Reliance Anil Dhirubhai Ambani Group (ADA Group), unknown public servants and others in an alleged fraud of Rs 2,684.57 crore, according to an official statement issued by the investigative ag... — [Source](https://ianslive.in/cbi-registers-case-against-anil-ambani-reliance-capital-in-rs-2684-crore-lic-fraud-case--20260918195702)
- 2026-09-18 — FREEPRESSJOURNAL.IN: **NSE IPO Fully Subscribed On Day 2 As Institutional And Non-Institutional Investors Drive Demand** — The National Stock Exchange’s ₹22,569-crore IPO received full subscription on the second day of bidding, with strong participation from non-institutional and qualified institutional investors. The issue attracted bids for 8.82 crore shares against 8.86 crore shares offered. NSE is seeking a valuation of ₹4.42 lakh crore through the offer — [Source](https://www.freepressjournal.in/business/nse-ipo-fully-subscribed-on-day-2-as-institutional-and-non-institutional-investors-drive-demand)
- 2026-09-18 — BUSINESSTODAY: **NSE IPO: India's largest exchange gets 55% subscription on Day 2 so far; NIIs, employee portions fully booked** — NSE IPO, National Stock Exchange IPO, NSE IPO subscription, NSE IPO Day 2, NSE IPO latest news, NSE IPO bidding, NSE IPO price band, NSE IPO subscription status, NSE IPO NIIs, NSE IPO employees, NSE IPO QIB, NSE IPO retail investors, NSE IPO OFS, stock market, IPO news — [Source](https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-indias-largest-exchange-gets-55-subscription-on-day-2-so-far-niis-employee-portions-fully-booked-556371-2026-09-18)
- 2026-09-17 — REDIFF.COM: **NSE's Rs 22,569-crore IPO sees 43% subscription on opening day** — The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) was subscribed 43 per cent on its first day of bidding, making it India's second-largest public issue after Hyundai Motor India's Rs 27,870-crore IPO in 2024. — [Source](https://www.rediff.com/business/report/nse-ipo-day-1-subscription-key-details-valuation-and-anchor-investors/20260917.htm)
- 2026-09-17 — Times of India: **NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/134316486.cms" /According to exchange data, investors bid for 3.83 crore shares against the 8.86 crore shares offered in the issue. Non-institutional investors subscribed to 72% of their quota, while the retail portion was subscribed 44%. — [Source](https://timesofindia.indiatimes.com/business/india-business/nse-ipo-why-did-indias-second-largest-initial-public-offering-not-get-fully-subscribed-on-day-1/articleshow/134316486.cms)
- 2026-09-17 — BUSINESS: **NSE IPO subscribed 43% on first day as non-institutional investors lead** — The ₹22,560 crore IPO received bids for 38 million shares against 88.6 million on offer, with the non-institutional investor portion subscribed 72 per cent — [Source](https://www.business-standard.com/markets/news/nse-ipo-subscribed-43-on-first-day-as-non-institutional-investors-lead-126091701088_1.html)
- 2026-09-17 — BUSINESSTODAY: **NSE IPO: India's largest exchange gets 43% subscription on Day 1; NIIs, retail see strong demand** — NSE IPO, NSE IPO subscription, NSE IPO GMP, NSE IPO 2026, National Stock Exchange IPO, NSE share sale, IPO subscription, IPO news, stock market, Indian stock market, NSE India, exchange IPO, NSE IPO Day 1 — [Source](https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-indias-largest-exchange-gets-43-subscription-on-day-1-niis-retail-see-strong-demand-556242-2026-09-17)
- 2026-09-17 — REDIFF.COM: **NSE's Rs 22,569-crore IPO opens, subscribed 9% on Day 1** — The National Stock Exchange of India's (NSE) mega Rs 22,569-crore initial public offering (IPO) opened for subscription, receiving 9 per cent bids on its first day, with strong participation from anchor investors. — [Source](https://www.rediff.com/business/report/nse-ipo-subscription-day-1-key-details-valuation-and-market-debut-impact/20260917.htm)
- 2026-09-17 — Times of India: **NSE IPO opens for subscription: From GMP to market cap & global comparison - top 10 things to know** — India Business News: NSE IPO: The Initial Public Offering (IPO) of National Stock Exchange of India (NSE), the country’s largest stock exchange by total turnover across th. — [Source](https://timesofindia.indiatimes.com/business/india-business/nse-ipo-opens-for-subscription-from-gmp-to-market-cap-global-comparison-top-10-things-to-know/articleshow/134305003.cms)
- 2026-09-17 — DECCANCHRONICLE.COM: **NSE Allots Shares Worth Rs 6746 Crore to Record 189 Anchor Investors** — Anchor book generated 20 times demand at nearly Rs 1.2 lakh crore, according to market sources — [Source](https://www.deccanchronicle.com/business/market/nse-allots-shares-worth-rs-6746-crore-to-record-189-anchor-investors-1988106)
- 2026-09-17 — BUSINESSTODAY: **NSE IPO: India's largest exchange draws 15% subscription in first hour; details here** — NSE IPO, NSE IPO subscription, NSE IPO GMP, NSE IPO 2026, National Stock Exchange IPO, NSE share sale, IPO subscription, IPO news, stock market, Indian stock market, NSE India, exchange IPO — [Source](https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-indias-largest-exchange-draws-15-subscription-in-first-hour-details-here-556065-2026-09-17)
- 2026-09-17 — MONEYCONTROL: **NSE IPO subscribed 13% so far on Day 1; should you apply?** — NSE IPO, NSE IPO GMP, NSE IPO bidding, NSE IPO status, NSE IPO subscription status, NSE GMP — [Source](https://www.moneycontrol.com/news/business/ipo/nse-ipo-subscription-status-latest-gmp-should-you-apply-or-avoid-14031800.html)
- 2026-09-17 — Mint: **LIVE: NSE IPO opens today; latest GMP price, subscription status, allotment and listing date; market debut prediction** — LIVE NSE IPO: The NSE IPO date for subscription is Thursday, 17 September, and the issue will remain open until Monday, 21 September. NSE IPO GMP today, or grey market premium, is +145. The IPO comprises an Offer for Sale (OFS) of up to 12.64 crore equity shares — [Source](https://www.livemint.com/market/ipo/live-nse-ipo-opens-today-latest-gmp-price-subscription-status-allotment-and-listing-date-market-debut-prediction-11789605846174.html)
- 2026-09-17 — Economic Times: **NSE IPO attracts 150+ anchor investors, raises Rs 6,746 crore** — In a successful share sale, the National Stock Exchange captured the interest of more than 150 anchor investors. Notably, overseas funds accounted for 43% of the stocks allocated for this category. Domestic institutional investors also played a crucial role, contributing significantly to the anchor book. Overall, the exchange raised ₹6,746.18 crore from these investors, with the public offering scheduled to open on Thursday. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/nse-anchor-book-draws-rs-6746-crore-from-150-plus-anchor-investors/articleshow/134296772.cms)
- 2026-09-16 — News18: **NSE Raises Rs 6,746 Cr From Anchors Ahead Of Mega IPO; LIC, Goldman Sachs Among Key Investors** — NSE garnered Rs 6,746 crore from anchor investors including LIC, Goldman Sachs, and Fidelity ahead of its IPO. — [Source](https://www.news18.com/business/nse-raises-rs-6746-cr-from-anchors-ahead-of-mega-ipo-lic-goldman-sachs-among-key-investors-ws-l-10335176.html)
- 2026-09-16 — NEWS.WEBINDIA123.COM: **NSE mobilises Rs 6,746 crore from anchor investors ahead of IPO; LIC gets largest allocation** — National Stock Exchange of India Limited (NSE) has raised about Rs 6,746 crore from anchor investors ahead of its initial public offering (IPO), with Life Insurance Corporation of India (LIC), Government Pension Fund Global, Monetary Authority of Singapore and several domestic and overseas institutional investors participating in the anchor book. — [Source](https://news.webindia123.com/news/articles/business/20260916/4499481.html)
- 2026-09-16 — MONEYCONTROL: **LIC OFS became largest public offer despite scepticism by many: DIPAM secy Arunish Chawla** — LIC OFS, Arunish Chawla, DIPAM secy Arunish Chawla — [Source](https://www.moneycontrol.com/news/business/companies/lic-ofs-became-largest-public-offer-despite-scepticism-by-many-dipam-secy-arunish-chawla-14031430.html)

## Business profile

**Strategic vision:** State-owned Indian insurer providing diverse life insurance products.

### Business segments
- **Life Insurance:** Offers a diverse portfolio of life insurance products catering to various individual needs, including family protection, wealth creation, children's future planning, and retirement planning.
- **Housing Finance:** Provides long-term financing for the construction, acquisition, and renovation of residential properties, as well as business loans for commercial property needs.
- **Pension Fund Management:** Manages pension funds under the National Pension Scheme (NPS) for government employees, providing long-term financial security through diversified investments.
- **International Insurance:** Offers life insurance, wealth management, pension, and health plans primarily to expatriate Indians in Gulf countries and other international markets.
- **Banking:** Extends LIC's presence in the banking sector through its associate.
- **Asset Management:** Engages in asset management services through mutual funds.
- **Card Services:** Focuses on card-related services.

### Competitive strengths
- Established trust in the Indian insurance sector
- Extensive distribution network

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/lici
Markdown representation: https://faxioms.com/stocks/lici?render=md