LIC Scheme: In the new scheme of LIC, you will get this benefit along with life cover, know more...

LIC's Index Plus: The country's largest life insurance company LIC said on Monday that it is launching a new product. This new index plan of LIC (LIC Index Plus) will be available for sale from 6th February. LIC said in an exchange filing that it will be a unit-linked category product, which is a non-participating, individual life insurance plan. LIC has launched it for the customers of the domestic market.

Share reached a record high
LIC shares were trading at a record high on Monday. Shares of the life insurance company crossed the record of Rs 1000 for the first time. By the end of trading on Monday, LIC Share Price was near Rs 995 with a rise of about ₹ 50. It also touched its 52-week high level of 1028 today.

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.

Shares cross Rs 1000 for the first time
Let us tell you that 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 an 8 percent discount. Since then, it could never reach the high of Rs 1,000, but on Monday it crossed the Rs 1,000 level.

66 percent return in 1 year
The share of the insurance company (LIC Share Price) has increased by 8 percent in 5 days, 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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