Blog 41: Stock Idea
Stock Name: LICI (Life Insurance Corporation of India)
Business:
1.LICI is the Largest Insurance Provider in India With a Market Share of 66% in New Business Premium.
2.Company Offers a Wide Range of Insurance Policies like Term Insurance, Health Insurance, Life Insurance, Saving Insurance Products, etc.
3.Company has 2,050 branch Offices and 1,565 Satellite Offices in India, Covering 91% of all districts in India.
Company Fundamentals:
Current Market Price = 560
Market Cap =3,54,000 Crores
Topline(Sales Last Year) = 7,20,000 Crores
ROE(Return of Equity) = 48%
Promoter Stake = 96.5%
President of India is the Promoter of the Company.
Debt =Nil
Stock Target Price =Rs 1000
Time Horizon =1 to 2 Years
Key Points about the Company:
1.LIC has the Largest Distribution Agent Network in India, around 14 Lakhs Individual agents.
2.LIC is the Largest Insurance Company With a history of Over 65 Years.
3.LIC is ranked 5th globally by Life insurance GWP(Gross Written Premium) and 10th globally in terms of Total assets.
4.LIC is the Largest Asset manager in India With an AUM of Rs 40 Lakh Crore as of Dec 2021, Which is 17.0% of India's GDP.
5.And finally, LIC is the Holding Company for many Holding Companies in India.
Disclaimer: Above Information and Stock Ideas are discussed only for Research Purpose, it is not an Investment Advice.Do your Own Research before Investing your Hard Earned Money.
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