# Life Insurance Corporation of India (LICI) — Stock analysis

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

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹394
- Change: -3.43%
- As of: 2026-11-06
- 1D return: -3.43%
- 5D return: +2.80%
- 1M return: +3.89%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

As of 2026-11-06, LICI closed at ₹394.00, reflecting a -3.4% daily decline from the previous close of ₹408.00. The technical setup presents a conflict between short-term intraday structure and longer-term momentum. On the daily chart, price remains above the Supertrend and 20-period SMA, suggesting mild short-term support, but it trades below key moving averages (20 EMA, 50 EMA, 200 SMA), indicating an underlying bearish bias. Trend strength is weak across all timeframes, with a daily ADX of 14.5 and monthly ADX of 8.08, signaling low conviction in either direction.

Momentum is mixed: while the stock is up +1.0% over the last month, it remains down -7.6% year-to-date and -12.1% over the past year. A monthly Harami pattern has formed, potentially signaling a pause or reversal after recent declines, though this is not yet confirmed by price action. Participation metrics show moderate activity with ~10.5 million shares traded and a turnover of ₹2,249.5 crore. Risk remains elevated, with annualized volatility at 25.3% and a current drawdown of -19.0%.

Key levels to monitor include immediate resistance at ₹397.70 (+0.94%) and ₹402.85 (+2.25%), with pivot resistance at ₹410.10. Support lies at ₹390.45 (-0.90%) and ₹378.04 (-4.05%). A break above ₹402.85 could signal renewed bullish interest, while a drop below ₹390.45 may test lower supports near ₹378.04.

- Price Structure Conflict: Daily trend shows price above Supertrend and 20 SMA, but below 20/50 EMAs and 200 SMA; monthly trend is bearish with price below all major averages and Supertrend.
- Weak Momentum: ADX values are low across daily (14.5), weekly (14.33), and monthly (8.08) timeframes, indicating lack of strong directional conviction.
- Key Levels: Immediate resistance at ₹397.70 (+0.94%) and ₹402.85 (+2.25%); support at ₹390.45 (-0.90%) and ₹378.04 (-4.05%).
- Pattern Signal: Monthly Harami pattern active as of 2026-11-06 suggests potential consolidation or reversal, but requires confirmation via price action.

- Harami
- Inside Bar
- Doji
- Bearish Engulfing Reversal
- Outside Bar
- Morning Star

### News Context

Life Insurance Corporation of India (LICI) reported its Q2 FY27 results on November 6, 2026, posting a 20% year-on-year increase in consolidated net profit to ₹12,115 crore and a 16–16.2% rise in net premium income. Despite these top-line and bottom-line gains, the stock declined 3–4.25% as Value of New Business (VNB) missed analyst estimates, driven by subdued Annualized Premium Equivalent (APE) growth due to weak Unit-Linked Insurance Plan (ULIP) demand. Embedded value stood at ₹7.98 lakh crore, down 2% year-on-year. Management expects APE growth to improve in the second half of FY27. Brokerages remain constructive: Jefferies cut its target price to ₹510 but retained a 'Buy' rating, citing distribution reforms, equity market sensitivity, and an improving product mix. Other firms like Systematix Institutional Equities and Antique Stock Broking also maintained 'Buy' ratings, highlighting LIC’s strong solvency ratio of 2.35 and low expense ratio.

- Q2 FY27 Financials: Consolidated net profit rose 20% YoY to ₹12,115 crore; net premium income grew 16–16.2%; embedded value fell 2% YoY to ₹7.98 lakh crore.
- Growth Headwinds: VNB missed estimates due to weak ULIP demand and subdued APE growth; management anticipates APE improvement in H2 FY27.
- Analyst Sentiment: Jefferies lowered target to ₹510 (from previous levels) but kept 'Buy' rating; Systematix and Antique retained 'Buy' ratings citing solvency (2.35) and expense efficiency.
- Market Reaction: Shares fell 3–4.25% post-results despite beating profit estimates, reflecting disappointment over VNB misses.

- [LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- [LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)

### What Changed

Life Insurance Corporation of India (LICI) reported unaudited financial results for the half-year ended September 30, 2026, on November 5, 2026. The company posted a consolidated Profit After Tax (PAT) of ₹57,453.15 crores for H1 FY27, with standalone PAT rising 21.52% to ₹25,568 crore compared to ₹21,040 crore in H1 FY26. Net premium income increased by 16.2%, and the solvency ratio stood at 2.35. Despite these gains, LICI shares fell approximately 4% following the announcement, as Value of New Business (VNB) missed market estimates and individual Annualized Premium Equivalent (APE) growth was subdued due to weak ULIP demand. Embedded value declined 2% year-on-year to ₹7.98 lakh crore. Concurrently, the Board appointed Smt Naga Nalini Kalluri as Chief Compliance Officer effective November 6, 2026, succeeding Shri Jayasimhan Madabhushi Matam Tirumala. An interim dividend of ₹10.00 per share was declared.

- H1 FY27 Consolidated PAT reached ₹57,453.15 crores; standalone PAT grew 21.52% to ₹25,568 crore year-on-year.
- Net premium income rose 16.2%, while VNB missed estimates and embedded value fell 2% to ₹7.98 lakh crore.
- Shares declined ~4% post-results despite brokerages maintaining 'Buy' ratings based on strong solvency (2.35) and distribution reforms.
- Board appointed Smt Naga Nalini Kalluri as Chief Compliance Officer effective November 6, 2026, and declared an interim dividend of ₹10.00 per share.

- [LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- [LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)
- [Life Insurance Corporation Of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753945_05112026064353_WEB.xml)

### Official Filings

Life Insurance Corporation of India (LICI) disclosed unaudited financial results for the half-year ended September 30, 2026, alongside a leadership change and an interim dividend. The Board approved a consolidated Profit After Tax of ₹57,453.15 crores for H1 FY2027 and declared an interim dividend of ₹10.00 per share. An investor presentation filed on November 5, 2026, reported standalone Profit After Tax of INR 25,568 crore, representing a 21.52% increase from INR 21,040 crore in H1 FY26. Key operational metrics included Total Premium Income of INR 2,74,269 crore, Assets Under Management of INR 59,60,941 crore, a Solvency Ratio of 2.35, and a Net VNB Margin of 22.3%. The company also appointed Smt Naga Nalini Kalluri as Chief Compliance Officer effective November 6, 2026. Auditors issued limited review reports with emphasis-of-matter paragraphs regarding regulatory-approved amortisation and replenishment of specified pension and expense amounts.

- H1 FY2027 Consolidated PAT: ₹57,453.15 crores; Standalone PAT: INR 25,568 crore (+21.52% YoY)
- Interim Dividend Declared: ₹10.00 per share
- Leadership Change: Smt Naga Nalini Kalluri appointed Chief Compliance Officer & KMP effective Nov 6, 2026
- Auditor Caveat: Limited review reports include emphasis-of-matter on regulatory-approved amortisation and pension/expense replenishment

- [Life Insurance Corporation Of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261105_175458244.xml)
- [Life Insurance Corporation Of India has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753945_05112026064353_WEB.xml)
- [Life Insurance Corporation Of India has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026191918_Press_Release_corrigendum_sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Audio Recording of Conference call organized by the Corporation with Analyst is available on the website. |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026232248_Final_Disc_Audio_Call_Rec_050926.pdf)
- [Life Insurance Corporation of India has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20261105_233004242.xml)
- [Life Insurance Corporation of India has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20261105_233004242.xml)

### Fundamentals

Life Insurance Corporation of India (LICI) demonstrates a divergence between top-line growth and bottom-line profitability in the most recent reporting period. For Q2 FY2026-27, total income rose sequentially to ₹2,64,861 crore from ₹2,40,168 crore in Q1, driven by increases across all premium categories including single premiums which reached ₹68,425 crore. However, expenses also surged to ₹2,52,829 crore, outpacing revenue growth and compressing margins. Consequently, net profit after tax declined to ₹12,115 crore from ₹13,584 crore in Q1, with EPS falling to ₹9.58 per share from ₹10.74.

Longer-term trends show resilience: TTM sales grew 10% and TTM net profit increased to ₹60,055 crore, up from ₹48,320 crore in Mar 2025. Return on Equity remains robust at 38% for the last year, though ROCE has compressed significantly from 73% in Mar 2024 to 35% in Mar 2026. The balance sheet is capital-strong with zero borrowings and equity capital stable at ₹6,325 crore. A notable shift occurred in ownership structure, with promoter holding decreasing to 90.0% in Sep 2026 while DII and FII stakes expanded to 6.18% and 1.55% respectively. Cash flow quality warrants monitoring, as CFO/EBITDA turned negative (-42%) in Mar 2026, contrasting with positive conversion in prior years.

- Q2 FY2026-27 Net Profit declined 10.8% sequentially to ₹12,115 crore as expenses rose 11.8% to ₹2,52,829 crore, offsetting income growth.
- TTM financials remain strong with Net Profit at ₹60,055 crore and Sales at ₹99,4088 crore, reflecting 23% TTM profit growth.
- ROCE compression is evident, falling from 73% (Mar 2024) to 35% (Mar 2026), while ROE holds at 38% for the last year.
- Ownership diversification accelerated in Sep 2026, with Promoter stake dropping to 90.0% and DIIs rising to 6.18%.

### Bull Case

Life Insurance Corporation of India (LICI) presents a conditional upside case anchored by robust fundamental growth and strong institutional support, despite recent price weakness. For the quarter ended September 2026, LICI reported a 20% year-on-year increase in consolidated net profit to ₹12,115 crore and a 16–16.2% rise in net premium income. This operational strength is underpinned by a healthy solvency ratio of 2.35 and a low expense ratio, which have led multiple domestic brokerages to maintain 'Buy' ratings and raise price targets. Jefferies, for instance, reduced its target to ₹510 but cited distribution reforms, equity market sensitivity, and an improving product mix as key positives. While Value of New Business (VNB) missed estimates and embedded value declined 2% year-on-year to ₹7.98 lakh crore, management expects Annualized Premium Equivalent (APE) growth to improve in the second half of FY27. Technically, the stock trades at ₹394.0 on the NSE, with daily indicators showing a bullish supertrend direction and positive short-term momentum, offering a potential entry point if the broader market stabilizes after recent volatility.

- Q2 FY27 financials show strong top-line and bottom-line growth: Net profit rose 20% YoY to ₹12,115 crore, while net premium income increased 16–16.2%.
- Institutional sentiment remains constructive: Brokerages cite a high solvency ratio (2.35), low expense ratio, and distribution reforms as reasons for maintaining 'Buy' ratings.
- Management outlook provides a forward catalyst: APE growth is expected to improve in H2 FY27, potentially offsetting current subdued ULIP demand.
- Technical structure shows mixed signals: Daily supertrend is bullish with the stock at ₹394.0, but monthly trend remains bearish and the stock is down 12.1% over the past year.

- [LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- [LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)
- [Life Insurance Corporation Of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261105_175458244.xml)
- [Life Insurance Corporation Of India has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)

### Bear Case

Life Insurance Corporation of India (LICI) faces near-term headwinds as its stock declined 4.25% following Q2 results, driven by a Value of New Business (VNB) miss against estimates despite a 20% year-on-year rise in net profit to ₹12,115 crore. While brokerages maintain 'Buy' ratings citing strong solvency (2.35) and low expense ratios, individual Annualized Premium Equivalent (APE) growth was subdued due to weak Unit-Linked Insurance Plan (ULIP) demand. The company's embedded value contracted by 2% year-on-year to ₹7.98 lakh crore, with management projecting APE improvement only in the second half of FY27. Technically, LICI is trading at ₹394.0, down 3.4% over the last session and -12.1% over the past year, with a current drawdown of -19.0%. The monthly trend is bearish, and resistance sits closely at ₹397.70 (0.94% above), suggesting limited immediate upside momentum.

- Q2 VNB missed analyst estimates, causing a 3-4% share price decline despite a 20% YoY jump in net profit to ₹12,115 crore.
- Embedded value fell 2% year-on-year to ₹7.98 lakh crore, while individual APE growth remained weak due to subdued ULIP demand.
- Technical indicators show a bearish monthly trend and a current drawdown of -19.0%, with the stock trading at ₹394.0, just below immediate resistance at ₹397.70.
- Management guidance indicates APE growth improvements are expected only in the second half of FY27, extending the period of subdued top-line performance.

- [LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- [LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)
- [Life Insurance Corporation Of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261105_175458244.xml)
- [Life Insurance Corporation Of India has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)

### FAQs

**How did LICI perform financially in the first half of FY27?**

For H1 FY27 (ended September 30, 2026), LICI reported a consolidated Profit After Tax of ₹57,453.15 crore and total premium income of ₹2,74,269 crore. The company also declared an interim dividend of ₹10.00 per share.

**What is the current market price and recent trend for LICI shares?**

As of November 6, 2026, LICI shares closed at ₹394.00, down from a previous close of ₹408.00. The stock has declined 12.1% over the past year and is currently trading 19.0% below its peak levels.

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

Immediate technical support sits at ₹390.45, with further support at ₹378.04. Resistance levels are identified at ₹397.70 and ₹402.85, while a pivot point exists at ₹410.10.

**Has there been any change in LICI's management recently?**

Yes. On November 6, 2026, Smt Naga Nalini Kalluri was appointed as Chief Compliance Officer and Key Managerial Personnel, succeeding Shri Jayasimhan Madabhushi Matam Tirumala.

- [LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- [LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- [Indian stocks set for pullback after sharp rally on oil slide, foreign inflows](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- [Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)
- [Life Insurance Corporation Of India has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- [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](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261105_175458244.xml)
- [Life Insurance Corporation Of India has informed the Exchange about change in Management |SUBJECT: Change in Management](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- [Life Insurance Corporation Of India has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- [Integrated Filing- Financials|Original|](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹410.1
- Risk regime: Price Risk Requires Attention

### Support levels
- 378.04375
- 370.23125
- 365.7

### Resistance levels
- 414.5
- 418.384228515625
- 429.0970703125

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -3.43% |
| return_10 | +3.28% |
| return_1m | +1.03% |
| return_1y | -12.06% |
| return_20 | +3.89% |
| return_3m | +1.66% |
| return_5 | +2.80% |
| return_6m | -2.38% |
| return_since_start | -12.09% |
| return_ytd | -7.60% |

### 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 | +25.32% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Life Insurance Corporation Of India Q2 FY2026-27: Premiums rise, profit falls sequentially

LIC’s gross premium income increased 15.5% quarter on quarter (QoQ) to ₹1,47,627 crore in Q2 FY2026-27, while total income rose 10.3% to ₹2,64,861 crore. Profit after tax fell 10.8% QoQ to ₹12,115 crore, and EPS declined to ₹9.58; net surplus and the transfer to shareholders’ account also decreased.

Single premiums led the sequential increase in premium income, while renewal premiums also grew. Expenses increased faster than total income, and several persistency measures and the reported solvency ratio were lower than in Q1 FY2026-27.

## Premium growth and business mix

Gross premium income rose 15.5% QoQ from ₹1,27,796 crore in Q1 FY2026-27. Single premium income increased 21.3% to ₹68,425 crore, renewal premium income rose 10.6% to ₹68,718 crore, and first-year premium income grew 13.2% to ₹10,484 crore. Renewal and single premiums were similar in scale in the quarter.

Commission expense rose 20.3% QoQ to ₹6,090 crore. First-year commission increased 22.8% to ₹2,358 crore, while commission on single premiums more than doubled to ₹271 crore.

## Expenses and earnings

Total expenses increased 11.8% QoQ to ₹2,52,829 crore, faster than total income, which rose 10.3%. Benefits paid net rose 10.5% to ₹1,34,762 crore, and the change in actuarial liability increased 14.0% to ₹1,02,154 crore. Expenses of management grew 11.3% to ₹15,143 crore, while operating expenses related to insurance business increased 6.0% to ₹9,054 crore.

Within management expenses, administration costs rose 32.1% QoQ to ₹2,466 crore and advertising and publicity increased 53.8% to ₹144 crore. Employee remuneration and welfare expenses declined 3.3% to ₹5,847 crore. Net income from investments increased 4.9% to ₹1,15,034 crore.

Profit before tax fell 11.0% QoQ to ₹12,175 crore. Profit after tax declined 10.8% to ₹12,115 crore, with basic and diluted EPS down from ₹10.74 to ₹9.58. Net surplus fell 13.8% to ₹12,032 crore; the amount transferred to the shareholders’ account decreased 13.8% to ₹10,527 crore, and funds for future appropriation declined 14.0% to ₹1,505 crore.

## Balance sheet and investments

At 30 September 2026, total assets were ₹61,39,991 crore, compared with ₹60,98,851 crore at 30 June 2026. Investments totalled ₹58,08,039 crore, up from ₹57,73,101 crore. Investments in the shareholders’ fund stood at ₹1,73,714 crore, versus ₹1,73,333 crore, while investments in the policyholders’ fund excluding linked assets were ₹55,62,575 crore, compared with ₹55,30,393 crore.

## Solvency and persistency

The reported solvency ratio was 0.0235 at 30 September 2026, compared with 0.0242 at 30 June 2026. Persistency ratios were also lower QoQ across the reported cohorts: the 13th-month ratio was 0.6767 versus 0.7038, the 25th-month ratio 0.6301 versus 0.6595, the 37th-month ratio 0.5881 versus 0.6263, and the 49th-month ratio 0.5834 versus 0.6179. This is a counterpoint to the increase in renewal premium income and merits monitoring alongside future premium trends.

## Non-linked and linked fund NPAs

In the non-linked participating policyholders’ fund, gross NPAs declined to ₹6,885 crore from ₹7,132 crore, and gross NPAs as a share of the fund fell to 1.4% from 1.46%. Net NPAs increased to ₹5.87 crore from ₹4.92 crore. In the linked non-participating policyholders’ fund, gross NPAs were unchanged at ₹35.83 crore, while their share of the fund declined to 4.66% from 7.62%.

## Cash flow

Cash flow from operating activities was negative ₹16,746 crore in Q2 FY2026-27. Investing activities generated ₹21,352 crore, while financing activities used ₹12,649 crore. Free cash flow, calculated as operating plus investing cash flow, was positive ₹4,606 crore.

## Key Takeaway

LIC delivered strong sequential premium growth, led by single premiums, but higher expenses and benefit-related outflows coincided with lower profit, EPS and surplus. The expansion in the investment portfolio provides balance-sheet context, while weaker QoQ persistency and a lower reported solvency ratio are important counterpoints to the growth in premium income.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +90.00%
- FII holding: +1.55%
- DII holding: +6.18%
- Mutual fund holding: +5.50%
- Retail holding: +1.64%
- Promoter pledged: +0.00%

### Major reported shareholders

- President of India — +90.00%
- ICICI Prudential Mutual Fund — +2.70%
- SBI Mutual Fund — +1.23%

## Official filings

- 2026-11-06 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_06112026155634_Final_Disc_Newsppr_06112026.pdf)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026173201_outcomesep26sd.pdf)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261105_175458244.xml)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026175045_outcomesep26sd.pdf)
- 2026-11-05 — Earnings Presentation: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026183029_Final_Dis_Conf_Call.pdf)
- 2026-11-05 — Financial Results Filing: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753953_05112026064508_WEB.xml)
- 2026-11-05 — Financial Results Filing: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_LI_1753945_05112026064353_WEB.xml)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026191918_Press_Release_corrigendum_sd.pdf)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_05112026232248_Final_Disc_Audio_Call_Rec_050926.pdf)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20261105_233004242.xml)
- 2026-11-05 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20261105_233004242.xml)
- 2026-10-30 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_30102026145735_Cessation_SMP_30102026.pdf)
- 2026-10-30 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261030_150456302.xml)
- 2026-10-28 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_28102026184841_Final_Dis_Ear_Call_28102026.pdf)
- 2026-10-28 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_20463_WebXMLFile_20261028_185057722.xml)
- 2026-10-14 — Board Meeting Notice: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_14102026132344_Final_Discl_Int_Board_Meet_Sept26.pdf)
- 2026-10-14 — Board Meeting Notice: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20463_WebXMLFile_20261014_132738762.xml)
- 2026-10-14 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_20463_WebXMLFile_20261014_132738762.xml)
- 2026-10-14 — Shareholding Disclosure: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1737591_14102026022441_WEB.xml)
- 2026-10-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_20463_WebXMLFile_20261012_162855296.xml)
- 2026-10-12 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_12102026162652_Final_Dis_Product_Launch_12102026.pdf)
- 2026-10-08 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_08102026190842_Final_Dis_SMP_08102026.pdf)
- 2026-10-08 — Generic Announcement: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_20463_WebXMLFile_20261008_191037534.xml)
- 2026-10-07 — Management Change: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_07102026163150_Final_Dis_Int_App_ID_07102026.pdf)
- 2026-10-07 — Management Change: Life Insurance Corporation Of India — [Official attachment](https://nsearchives.nseindia.com/corporate/LIC_BOARD_07102026163306_Final_Dis_Int_App_ID_07102026.pdf)

## News and market events

- 2026-11-07 — IANSLIVE.IN: **LIC delivers strong Q2 performance, IDBI Bank disinvestment unlikely to hit bancassurance: CEO** — LIC reported strong Q2 and H1 FY27 performance with healthy growth in premiums and improved VNB margins, despite a decline in ULIP sales driven by equity market volatility and strategic shifts toward higher-ticket products. CEO R Doraiswamy stated that the proposed disinvestment of IDBI Bank is unlikely to significantly impact LIC's bancassurance business, as the partnership is expected to continue. The company remains focused on expanding protection, health, and annuity products while investing in cybersecurity and agent productivity to support its long-term growth strategy. — [Source](https://ianslive.in/lic-delivers-strong-q2-performance-idbi-bank-disinvestment-unlikely-to-hit-bancassurance-ceo--20261107193737)
- 2026-11-06 — Economic Times: **LIC to step up focus on non-par savings, protection products** — Life Insurance Corporation of India is prioritizing non-participating savings and protection products to sustain profitability, as weak equity market sentiment has dampened unit-linked insurance plan sales. This strategic shift contributed to a sharp rise in product-level margins and a 470-basis-point expansion in the value of new business margin to 22.3% in the first half of FY27. The insurer plans to maintain this momentum over the next two quarters while continuing to offer ULIPs despite current market headwinds. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-to-step-up-focus-on-non-par-savings-protection-products/articleshow/135617953.cms)
- 2026-11-06 — CNBC-TV18: **DIPAM Secy on IDBI Bank sale: Fresh bids sought to boost valuation; finding another buyer ‘very remote’** — DIPAM Secretary Arunish Chawla defended the government's acceptance of a revised offer for IDBI Bank, stating that finding another buyer willing to pay ₹52,000 crore is 'very remote' and that the reserve price remained unchanged. He justified the decision by noting the bid exceeded fair-value estimates and was enhanced by a tax indemnity measure, while clarifying that strategic disinvestments do not strictly follow conventional reserve-price auction models. The transaction remains pending approval from the Reserve Bank of India, which will assess the bidder's source of funds and fit-and-proper — [Source](https://www.cnbctv18.com/economy/dipam-secy-idbi-bank-sale-fresh-bids-sought-to-boost-valuation-finding-another-buyer-very-remote-20028965.htm)
- 2026-11-06 — BUSINESSTODAY: **LIC share price target: Should you buy, sell or hold as stock tanks 4% after Q2 results?** — Domestic brokerages remain positive on Life Insurance Corporation of India despite its stock falling 4.25% after reporting a 20% year-on-year jump in net profit to Rs 12,115 crore and a 16.2% rise in net premium income. Analysts have raised price targets, citing LIC's strong solvency ratio of 2.35 and low expense ratio, although individual APE growth was subdued due to weak ULIP demand. The company's embedded value stood at Rs 7.98 lakh crore, down 2% year-on-year, while management expects APE growth to improve in the second half of FY27. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/lic-share-price-target-should-you-buy-sell-or-hold-as-stock-tanks-4-after-q2-results-566154-2026-11-06)
- 2026-11-06 — Economic Times: **LIC shares fall 3% Q2 VNB misses estimates. Jefferies cuts target but lists 3 reasons to buy the stock** — LIC shares fell 3% after the insurer reported a 20% year-on-year rise in Q2 consolidated net profit to Rs 12,115 crore and a 16% increase in net premium income, though its Value of New Business missed estimates. Jefferies reduced its target price to Rs 510 but maintained a 'Buy' rating, citing distribution reforms, equity market sensitivity, and an improving product mix as key positives. Other brokerages like Systematix Institutional Equities and Antique Stock Broking also retained 'Buy' ratings despite noting that VNB figures were below their forecasts. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/lic-shares-fall-3-q2-vnb-misses-estimates-jefferies-cuts-target-but-lists-3-reasons-to-buy-the-stock/articleshow/135593248.cms)
- 2026-11-06 — Economic Times: **Indian stocks set for pullback after sharp rally on oil slide, foreign inflows** — Key Indian companies released quarterly earnings with divergent results: Bharti Airtel missed profit estimates due to higher network operating costs, while Titan, Life Insurance Corp of India, ONGC, and Britannia beat or reported improved profits driven by various operational factors. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows/articleshow/135590905.cms)
- 2026-11-06 — Mint: **Indian stocks set for pullback after sharp rally on oil slide, foreign inflows** — Indian equities are expected to pull back after a six-session winning streak, as global market routs and profit-booking pressures offset the support from lower oil prices and record foreign institutional inflows. While benchmarks like the Nifty 50 and BSE Sensex had rallied on crude declines and US election outcomes, sentiment has turned risk-averse following steep selloffs in US technology stocks and Asian markets. Analysts suggest that India's limited direct exposure to AI-hardware trades may provide some insulation against the severe global volatility. — [Source](https://www.livemint.com/market/indian-stocks-set-for-pullback-after-sharp-rally-on-oil-slide-foreign-inflows-11793932289845.html)
- 2026-11-06 — Economic Times: **Stocks in news: Bharti Airtel, LIC, Titan, ONGC, Bharti Hexacom, Glenmark Pharma and Astral** — Indian equity markets extended their winning streak to a sixth consecutive session, with the Nifty 50 gaining 576 points as investors tracked September-quarter earnings from key companies. Bharti Airtel, LIC, Titan Company, and ONGC reported substantial year-on-year increases in consolidated net profit, while Glenmark Pharmaceuticals faced a significant decline in net profit and revenue. These corporate developments are influencing investor sentiment amid the broader market rally. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-news-bharti-airtel-lic-titan-ongc-bharti-hexacom-glenmark-pharma-and-astral/articleshow/135584151.cms)
- 2026-11-05 — The Hindu: **LIC’s Q2FY27 standalone net profit up 20% at ₹12,076 crore** — Life Insurance Corporation of India reported a 20% year-on-year increase in its Q2FY27 standalone net profit to ₹12,076 crore, driven by healthy growth in net premium income and tight expense management. The insurer's CEO highlighted that these results reflect successful product and channel diversification strategies, while also expressing optimism about the positive impact of upcoming IRDAI commission regulations on industry growth. — [Source](https://www.thehindubusinessline.com/money-and-banking/lics-q2fy27-standalone-net-profit-up-20-at-12076-crore/article71671032.ece)
- 2026-11-05 — The Hindu: **LIC Q2 profit rises 20% to ₹12,115 crore as VNB margin and net premium expands** — Life Insurance Corporation of India reported a 20% year-on-year rise in net profit to ₹12,115 crore for Q2FY27, driven by a 16.2% increase in net premium income and a significant expansion in its value of new business margin to 22.3%. The growth was supported by strong performance in non-par savings and term assurance segments, alongside favorable movements in the risk-free rate. Concurrently, LIC noted that IDBI Bank could continue distributing its products under an open-architecture model following the proposed sale to Fairfax Financial Holdings. — [Source](https://www.thehindu.com/business/lic-q2-profit-rises-20-to-12115-crore-as-vnb-margin-and-net-premium-expands/article71670728.ece)
- 2026-11-05 — CNBC-TV18: **LIC Q2 Results: Profit rises 20% to ₹12,076 crore, net premium income grows 16%** — Life Insurance Corporation of India reported a 20.1% year-on-year increase in standalone net profit to ₹12,076 crore for the second quarter of FY27, driven by a 16.2% rise in net premium income. For the first half of FY27, the insurer's value of new business grew 34% with an expanded margin, although its Indian Embedded Value declined slightly and market share in individual business eased. — [Source](https://www.cnbctv18.com/market/earnings/lic-q2-results-profit-rises-20-to-rs12076-crore-net-premium-income-grows-16-20028290.htm)
- 2026-11-05 — FREEPRESSJOURNAL.IN: **LIC Q2 Profit Jumps 20% To ₹12,076 Crore, Premium Income Rises 16% To ₹1.47 Lakh Crore** — Life Insurance Corporation of India reported a 20.1% year-on-year increase in standalone net profit to ₹12,076 crore and a 16.2% rise in net premium income to ₹1.47 lakh crore for the second quarter ended September 30, 2026. The insurer also recorded an 11.6% growth in total premium income and improved its net VNB margin by 470 basis points to 22.3% during the first half of FY27, while retaining a 58.77% market share in first-year premiums. — [Source](https://www.freepressjournal.in/business/lic-q2-profit-jumps-20-to-12076-crore-premium-income-rises-16-to-147-lakh-crore)
- 2026-11-05 — IANSLIVE.IN: **LIC Q2 profit rises 20 pc to Rs 12,115 crore; premium income grows 16 pc** — Life Insurance Corporation of India reported a 20% year-on-year increase in consolidated net profit to Rs 12,115 crore for Q2 FY27, driven by a 16.2% rise in net premium income to Rs 1.47 lakh crore and improved asset quality. The insurer also saw its Value of New Business jump 61% to Rs 3,136 crore, with the VNB margin expanding significantly to 22.9% from 15.4% in the previous year. — [Source](https://ianslive.in/lic-q2-profit-rises-20-pc-to-rs-12115-crore-premium-income-grows-16-pc--20261105181537)
- 2026-10-31 — Economic Times: **"What's the hurry?": BRS questions IDBI Bank valuation, seeks answers from Centre over proposed sale** — K T Rama Rao raised concerns regarding the proposed sale of IDBI Bank to Fairfax Financial Holdings. He highlighted potential undervaluation and transparency issues in the bidding process. Rao questioned the assessment of the bank's prime real estate assets in Hyderabad. Concerns from IDBI Bank employees about the sale have reportedly not been addressed by the Union Government. — [Source](https://economictimes.indiatimes.com/news/politics-and-nation/whats-the-hurry-brs-questions-idbi-bank-valuation-seeks-answers-from-centre-over-proposed-sale/articleshow/135389279.cms)
- 2026-10-30 — Mint: **All due processes followed in IDBI Bank's strategic restructuring: Nirmala Sitharaman | Today News** — The Indian government finalized the strategic disinvestment of a 60.72% stake in IDBI Bank to a Fairfax-controlled entity for ₹52,878 crore, with the government and LIC retaining a 34% stake. Finance Minister Nirmala Sitharaman defended the process as compliant with due procedures, countering allegations regarding bid valuation and tax liabilities raised by opposition leaders and media reports. — [Source](https://www.livemint.com/news/india/all-due-processes-followed-in-idbi-bank-strategic-restructuring-case-fm-11793355895143.html)
- 2026-10-30 — Economic Times: **“During Congress’s time, banks were created; in Modi era, they are being sold”: Rahul Gandhi targets govt over IDBI Bank sale** — The Union Cabinet approved a transaction worth Rs 52,878 crore for the sale of a 60.72% controlling stake in IDBI Bank to a subsidiary of Canada's Fairfax Financial Holdings. The transaction involves the Centre divesting its 30.48% stake and Life Insurance Corporation of India selling its 30.24% holding, after which government and LIC stakes are expected to fall to 15% and 19% respectively. — [Source](https://economictimes.indiatimes.com/news/new-updates/during-congresss-time-banks-were-created-in-modi-era-they-are-being-sold-rahul-gandhi-targets-govt-over-idbi-bank-sale/articleshow/135344360.cms)
- 2026-10-30 — The Hindu: **Govt, LIC to get benefit from residual stake in IDBI Bank upside** — Govt and LIC to retain residual IDBI Bank stakes amid strategic restructuring, aiming for upside gains from the Fairfax deal. — [Source](https://www.thehindubusinessline.com/money-and-banking/govt-lic-to-get-benefit-from-residual-stake-in-idbi-bank-upside/article71643491.ece)
- 2026-10-29 — Mint: **IDBI Bank sale: Rahul Gandhi backs employees against privatisation, raises concerns over reservation and job security | Company Business News** — The Union Cabinet approved the sale of a 60.72% controlling stake in IDBI Bank for ₹52,878 crore to a subsidiary of Canada's Fairfax Financial Holdings, with the transaction involving divestment by both the central government and Life Insurance Corporation of India. Employee representatives and political opposition have raised concerns regarding job security, reservation policies, and valuation transparency, demanding parliamentary scrutiny before the sale proceeds. — [Source](https://www.livemint.com/companies/news/idbi-bank-sale-rahul-gandhi-backs-employees-against-privatisation-raises-concerns-over-reservation-and-job-security-11793287534114.html)
- 2026-10-29 — CNBC-TV18: **Rahul Gandhi questions IDBI Bank majority stake sale: ‘Public banks are not assets to be sold off’** — The Indian government has approved the sale of a 60.72% majority stake in IDBI Bank to Fairfax Financial Holdings for ₹52,878.08 crore, with the government divesting 30.48% and Life Insurance Corporation of India selling 30.24%. This decision has drawn political opposition from Congress leader Rahul Gandhi and planned strikes from IDBI Bank employees who oppose the reduction of public sector holding. — [Source](https://www.cnbctv18.com/business/rahul-gandhi-questions-idbi-bank-majority-stake-sale-public-banks-are-not-assets-to-be-sold-off-20022584.htm)
- 2026-10-29 — Mint: **MSCI Rejig: LIC, Meesho likely to enter India Standard Index; OFSS, Siemens Energy may be dropped** — Brokerage JM Financial expects the November 2026 MSCI India Standard Index review to add Life Insurance Corporation of India, Meesho, and Coforge while excluding Oracle Financial Services Software and Siemens Energy India. The estimated net passive inflows resulting from these changes are projected at approximately $1.4 billion. — [Source](https://www.livemint.com/market/stock-market-news/msci-rejig-lic-meesho-likely-to-enter-india-standard-index-ofss-siemens-energy-may-be-dropped-11793271137051.html)
- 2026-10-29 — Mint: **LIC's new Health Shield Plan 907: How does it work - Can it replace regular health insurance? Scheme features, benefits | Mint** — LIC launched Health Shield Plan 907, a non-linked, non-participating individual health plan offering fixed payouts for hospitalization, surgeries, and specified medical procedures, distinct from comprehensive indemnity cover. — [Source](https://www.livemint.com/money/personal-finance/lic-health-shield-plan-907-can-it-replace-regular-health-insurance-features-and-benefits-11793264503542.html)
- 2026-10-25 — Orissa POST: **MCap of eight of the top-10 firms erodes by Rs 1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards - OrissaPOST** — The market valuations of eight major Indian listed companies, including HDFC Bank and Bajaj Finance, experienced significant erosion totaling Rs 1.55 lakh crore last week, while Tata Consultancy Services and Larsen & Toubro recorded gains. — [Source](https://www.orissapost.com/mcap-of-eight-of-the-top-10-firms-erodes-by-rs-1-55-lakh-cr-hdfc-bank-bajaj-fin-biggest-laggards/)
- 2026-10-25 — FREEPRESSJOURNAL.IN: **Top 10 Firms Lose ₹1.55 Lakh Crore In Market Value, HDFC Bank And Bajaj Finance Emerge As Biggest Laggards** — Eight of India — [Source](https://www.freepressjournal.in/business/top-10-firms-lose-155-lakh-crore-in-market-value-hdfc-bank-and-bajaj-finance-emerge-as-biggest-laggards)
- 2026-10-25 — Times of India: **Market recap: Eight of top 10 firms lose Rs 1.55 lakh crore; HDFC Bank, Bajaj Finance take biggest hit** — NEW DELHI: The combined market valuation of eight of India’s top 10 most valuable companies declined by Rs 1.55 lakh crore last week, with HDFC Bank and — [Source](https://timesofindia.indiatimes.com/business/india-business/market-recap-eight-of-top-10-firms-lose-rs-1-55-lakh-crore-hdfc-bank-bajaj-finance-take-biggest-hit/articleshow/135187845.cms)
- 2026-10-25 — IANSLIVE.IN: **Top 10 firms lose Rs 1.56 lakh crore in market value last week** — Mumbai, Oct 25 (IANS) The combined market capitalisation of eight of India's 10 most valuable listed companies declined by Rs 1.55 lakh crore last week as a broad-based sell-off in equities weighed on valuations, with HDFC Bank and Bajaj Finance accounting for the largest share of the losses. — [Source](https://ianslive.in/top-10-firms-lose-rs-156-lakh-crore-in-market-value-last-week--20261025144019)

## 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

## Related stocks

- [Axis Bank Limited (Financial Services)](https://faxioms.com/stocks/axisbank) — +3.35%
- [Bajaj Finserv Limited (Financial Services)](https://faxioms.com/stocks/bajajfinsv) — +1.62%
- [Bajaj Finance Limited (Financial Services)](https://faxioms.com/stocks/bajfinance) — +1.66%
- [ICICI Bank Limited (Financial Services)](https://faxioms.com/stocks/icicibank) — +4.75%
- [Kotak Mahindra Bank Limited (Financial Services)](https://faxioms.com/stocks/kotakbank) — +2.78%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

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