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LIC Targets Stable Market Share as VNB Margin Improves in Q1

Life Insurance Corporation of India (LIC) logoLife Insurance Corporation of India (LIC)
Sig1.37Sen+2.61Env0.00Soc+0.18Gov0.00

LIC said Q1 VNB margin rose to 22.9%, supported by stronger VNB growth as non-par products and demand for guaranteed products increased. Management expects growth to stay in the same region and aims for steady market share around 60% overall, with focus on improving product mix, ticket size, demographics, and agency productivity by adding agents.

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