LIC share price target 2022 2023 2024 2025 2030
In this article we will discuss about share price target for the company LIC (Life Insurance Corporation of India). get a estimate LIC share price prediction for the year 2022 2023 2024 2025 2030.
About LIC(Life Insurance Corporation of India) :
life insurance corporation of India (LIC of India) is a main existence coverage business enterprise based in Mumbai. LIC is the biggest life insurance organisation in India with an asset value of over 2,529,390 crores. LIC of India was created on 1st September 1956 while the government of India exceeded the lifestyles coverage of India Act, nationalising the non-public insurance enterprise in India.
The enterprise became hooked up with the merger of over 245 insurance companies and provident societies. LIC gives an array of life insurance plans consisting of a range of ULIPs, pension plans, child plans, time period coverage and others. The corporation is well installed in urban as well as rural regions of India and is properly abiding by means of its motto- “Yogakshemam Vahamyaham”, which means that “your welfare is our obligation”. With the advent of era, the LIC of India has mounted its logo’s presence on-line via promoting an array of financial savings and investment merchandise on-line.
Share Target Price 2022 2023 2025 2030 of LIC
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LIC share price target 2022
People have a lot of trust in LIC as compared to other insurance companies, the reason being that LIC is still a government owned company. LIC is not just a company but a very big brand. LIC has about one crore policy holders, you will be surprised to know that 30 crore people of India are directly or indirectly connected with LIC, LIC has more than 12 lakh LIC agents. That’s why this stock is going to give very strong returns in the coming years.
If we talk about LIC Share Price Target 2022, then the first target of this stock can be seen at Rs 748 in 2022, and the second target can be seen at Rs 825.
LIC Share Price Target 2023
You would know that LIC has been listed on 17th May 2022, and as of today, the price of this share is currently running at Rs 876 and its market cap is 5.53 lakh crores. In terms of valuation, other insurance companies cannot match LIC, but still we cannot ignore them. Today LIC is definitely the leader of this sector.But LIC’s Competitors companies like SBI Life, HDFC Life, ICICI Prudential Life, MAX Life, Etc. All of them are definitely improving their business. And due to competition, the market share of LIC has also decreased which was 75% in 2015 which is 64.1% in 2022. But even then 64.1% market share is not reduced so much, the only reason for this market share to remain is that LIC is a government company and that is why people trust it a lot. But if the government sells the stake in LIC in future, then this market share is likely to decrease.
If we talk about LIC Share Price Target 2023, then the first target of this stock can be seen at Rs 985 in 2023, and the second target can be seen at Rs 1050.
LIC Share Price Target 2024
LIC always brings new insurance plans, schemes for its customers, LIC’s plans are exactly such that they target the right customer, if we talk about the company’s plans, then the company has about 32 products in personal insurance. And in group insurance the company has about 11 products, and in riders the company has 7 products. Because of all these product categories, the company caters to the needs of people of all ages, from above the company has a huge distribution network, the company has more than 12 lakh LIC agents,And the company also pays a lot of commission to these agents, due to which these agents work hard and bring clients and it benefits both the company and the agents.
If we talk about LIC Share Price Target 2024, then the first target of this stock can be seen at Rs 1175 in 2023, and the second target can be seen at Rs 1265.
LIC Share Price Target 2025
You will be surprised to know that which is AUM (Asset Under Management) in which Asset Manager is the biggest company. Which manages assets of ₹ 36.8 trillion. All this money comes to the company from insurance and the company invests this money in different places. If we look at the AUM of LIC as compared to the combined AUM of all the life insurance companies of the rest of the country, then it is 3.3X more. And if we add the AUM of all the private mutual fund companies in the country and compare it with the AUM of LIC which is 1.1X higher.
If we talk about LIC Share Price Target 2025, then the first target of this stock can be seen in 2025 at Rs 1345, and the second target can be seen at Rs 1530.
LIC Share Price Target 2030
If we talk about the future, there is no doubt that the company is going to lose its market share in the coming years, because if we talk about 2001 then the company had 95% market share but now in 2022 64.1% is left. , and in the coming years it is going to reduce even more as the rest of the private players are preparing to give competition to LIC. And if the company continues to lose market share like this, then its effect is going to be seen on the company’s stock as well.
Right now LIC is completely a government company and being a government company, what does the government do if another company of the government is coming in losses, then the government takes the money of this company and invests it in that company, and this is the biggest risk for LIC. Is. And if the government sells some stake of LIC in the future then it can be of profit and it can also be of loss because LIC is currently a fully government company that’s why people trust LIC and if LIC sells its share in future So people’s trust can be broken somewhere.
If we talk about LIC Share Price Target 2030, then the first target of this share can be seen in 2030, Rs 4270, and the second target can be seen at Rs 4590.