LIC Index Plus: The country’s safest insurance company, Life Insurance Corporation of India, on Monday launched a new insurance product LIC Index Plus.
In this new scheme of LIC, people will get special benefits along with life cover. Know that LIC shares touched all time high level.
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What is LIC Index Plus?
The country’s largest and best life insurance company LIC said on Monday that it is launching a new product. LIC has launched it for the customers of the domestic market.
LIC said in an exchange filing that this LIC Index Plus unit will be a linked category product. Which is a non-participating, individual life insurance plan.
When will LIC Index Plus go on sale?
According to the press release, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, LIC has revealed the launch of its latest product.
Which will be available for purchase from the specified date 6th February. According to the Indian Life Insurance Company, this new index plan of LIC (LIC Index Plus) will be sold to customers from 6th February 2024.
LIC share cross 1000 for the first time
LIC Share was listed on the stock exchange in May 2024. The price band of the share was Rs 949 per share. But it was listed at 8 percent discount.
Since then, it has never been able to reach the high of Rs 1,000. But on Monday it crossed the level of 1,000.
LIC share reached record high
LIC share were trading at record high on Monday. Shares of the life insurance company crossed the record of Rs 1000 for the first time.
There was a huge rise in the shares of LIC and the market cap of the company crossed Rs 6 lakh crore. The insurance company will release its December quarter (Q3FY24) results on February 8.
By the end of trading on Monday, LIC Share Price was near Rs 995 with a rise of about Rs 50. It also touched its 52week high level of 1028 today.
LIC Share Price
The share of the insurance company (LIC Share Price) has increased by 8 percent in 5 days. It has increased by 20 percent in 1 month and about 52 percent in 6 months.
The share return in 1 year was about 66 percent. On March 29, 2023, LIC shares were at a 52-week low of 530.20. From there to today’s all-time high its jump is 93.88 percent.
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