Life Insurance Corporation of India LIC share priceice target

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Friends, today we are going to see Life Insurance Corporation of India LIC share price target 2022, 2023, 2025, 2030, in which direction the performance of this insurance giant can be seen going in the coming years, today we will try to know.

However, after listing in the stock market, the shareholders were not seen showing that much listing gain, being the largest company of the country, there is a huge opportunity for big growth in the share price in the coming times.

Today, we will analyze the business of LIC thoroughly and also look at the future of the business, this will give us an idea of ​​how much the Life Insurance Corporation of India LIC share price target can be seen going up to in the coming years. Let us analyze in detail-

Life Insurance Corporation of India (LIC share price target 2022)

If we look at the insurance sector of India, Life Insurance Corporation of India (LIC) appears to be one of the largest companies with about 62 percent market share. Talking about the strength of LIC’s insurance business, its strong brand name, if you want to sell a policy to any customer, then the name of the company is enough because with LIC, the customer gets confidence, which helps a lot. To grow the business fast.

LIP After bringing its IPO, gradually the focus of the company is going to increase on maximum profit. The company, which used to earn profit earlier, used to share it mostly with the policyholder, but in the coming time its quantity is going to be very less and more and more profit is going to remain inside the company, due to which in the coming days there will be more in LIC’s business. You are definitely going to see the speed.

In the coming days, with the business growing rapidly, LIC share price target is going to be around Rs 1050 giving you very good returns till 2022. As soon as this target is interest, you can get to see the second target soon Rs 1100.

Life Insurance Corporation of India (LIC share price target 2023)

)Life Insurance Corporation of India (LIC) has India’s largest and strongest distribution network, where there are more than 13 lakh LIC agents spread across the country who are engaged in selling policies every day.

With such a strong distribution agent network, the company manages to sell the highest number of policies every year as compared to other private insurance sector companies.

The company has been able to expand the business with the help of its strong agent network in every small rural area of ​​India. Talking about the rural area, only LIC sells about 71 percent of all policies sold there, this gives an idea of ​​how strong the company’s network is in every region of India.

Due to the ever-increasing strong agent network, LIC share price target can be seen showing good growth in the business till 2023 as well as showing you the first target of Rs 1250. After that you can look for another target to be Rs 1350 interest.

Life Insurance Corporation of India (LIC share price target 2025)

Always covering the lifecycle of the customer, LIC offers all types of insurance in different categories depending on the requirement of the customer. With the help of about 32 products in individual insurance of the company, 11 products in group insurance and 7 products in rider, LIC is able to target the market of customers of every age group very easily.

LIC has been able to maintain a leading position in each segment till date due to its superior service to the customers in every product category.

Along with this, LIC has always been seen launching different types of new plans in each of its business categories from time to time to increase its market share and provide better convenience to the customers.

In the coming times also, as LIC will be seen launching new policies in the market to increase its business, you are definitely going to see a very good growth in the business.

Keeping in mind the growing business of the company, LIC share price target can be seen showing you the first target of Rs 1800 along with giving very good returns till 2025. And then you can think of holding the second target Rs 1900 for the second target.

Life Insurance Corporation Of India (LIC Share Price Target 2030)

As you will see in the entire insurance sector of India for a long time, there is a huge scope of growth, still India is far behind in the insurance sector compared to other developed countries, the kind of population density is seen in this country.

Due to this, in the coming time, there is a huge opportunity to increase the business for the companies related to this sector. According to analysts, India’s insurance market is expected to show growth of about 16 to 17 percent in the coming time.

Due to the increasing income of the people and the rapidly increasing awareness among the people towards insurance, gradually people are seen buying more and more insurance plans, due to which the market share of insurance is seen increasing rapidly. Life Insurance Corporation of India (LIC) being the strongest and most trusted company in this sector, the company is definitely going to get the most benefit of this increasing growth.

Looking at the potential for growth in the business in the long run, LIC share price target by 2030 gives very good returns to the shareholder, there is every possibility of the share price going around Rs 4000.

Future Of Life Insurance Corporation Of India LIC Share

Looking at the business of LIC from the point of view of the future, keeping in mind the rapidly growing opportunities in the insurance sector, in the coming time, the company may gradually see increasing focus on digitizing its business, due to which LIC’s business has increased. In the coming time, business can be seen running very fast.

The Government of India is also seen promoting more and more under the new scheme to promote the insurance sector, along with it people have also started to understand that insurance is a better way to manage their risk, due to which the insurance sector That the market is going to be seen continuously in the coming times as well.

Risk Of Life Insurance Corporation Of India LIC Share

If we see the biggest risk in the business of LIC, then for a long time, the company is seen losing its market share continuously. Where in 2001 the market share of Lic used to be around 95 percent but now till 2022 it has remained only around 62 percent, and in the coming time it is clear that the Lic market share can be lost to private companies in the coming years as well.

That is, if the company fails to save its market share at the right time, then you can see a huge decline in the business.

Talking about the second risk, due to LIC being a government company, you are definitely going to see its effect even further, sometimes the government uses the money of LIC to save some other company, due to which the company’s growth will come. A lot of effects are going to be seen in time.

In My Personal Opinion:-

There is no doubt that the market of the insurance sector is going to grow very fast in the coming times, its benefits are going to be seen in the coming times by taking LIC, the strongest and most trusted company of the people in this sector. But along with growth, there is a lot of risk involved in LIC Share, so before taking any investment decision, do not forget to analyze the company yourself or take the advice of your financial advisor.

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