LIC investors got silver, stock crossed Rs 1000 for the first time
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The market cap of SBI has also reduced due to the leak, which is now Rs 5.7 lakh crore. At the same time, after the stock price reached thousand rupees for the first time, there is a rise in the shares of LIC.
There has been a tremendous increase in the shares of LIC, due to which there is happiness on the faces of the investors. There has been a record increase in the company’s stock, due to which the stockholders are happy. The company’s stock has crossed Rs 1,000 for the first time. The stock price of the country’s largest insurance company LIC has reached thousand rupees for the first time. LIC was listed in the year 2022. Its issue price was Rs 949. According to the information, the market cap of LIC has also increased rapidly on Monday 5th February. After increasing the market cap of LIC, LIC has become the sixth largest company in the country.
LIC has also become a valuable company of the country. LIC became the most valuable company in the country recently, when it overtook SBI. Let us tell you that the market cap of SBI has also reduced due to the leak, which is now Rs 5.7 lakh crore. At the same time, after the stock price reached thousand rupees for the first time, there is a rise in the shares of LIC. Now LIC shares have reached 1016, in which a rise of one percent was seen.
LIC’s new plan
LIC has made a new announcement just a day before the stock price crossed Rs 1000. LIC on Monday announced the launch of Index Plus, a unit-linked, regular premium individual life insurance plan. LIC said in the statement that the plan offers savings along with life insurance cover during the entire term of the policy. “Under the current policy, a guaranteed additional unit fund will be added as a percentage of the annual premium on completion of a specified period of policy years,” it said. The same will be used to purchase units.” It said there is an option to partially redeem the units at any time after the ‘lock-in’ period of five years. It depends on some conditions.
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