LICI · NSE · Life Insurance
Life Insurance Corporation of India
What the numbers mean, from its filings and the exchange. Data as of 12 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Insurance
cheap
low confidence
No valuation within 120 days; P/E 8.3 vs peers 22.5 (3rd of 17); P/B 2.6 vs peers 3.0 (9th of 17).
Statements through FY2026Prices adjusted for 1 corporate actionNot yet reviewed by the adversarial model
What is Life Insurance Corporation of India's share price today?
Life Insurance Corporation of India last traded at ₹391.50 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.7% on the day, down 12.1% over a year. Its 52-week range is ₹361 to ₹468. The live price is in the app.
₹391.50
−0.7% today
−12.1% over 1 year · NSE, as of 12 Oct 2026, 11:00 pm IST
53 month-end closes, 31 May 2022 to 30 Sep 2026, adjusted for splits and bonuses
52-week range29% of the way up
Low ₹361High ₹468
What is Life Insurance Corporation of India's market cap?
Life Insurance Corporation of India's market capitalisation is about ₹4.99 lakh crore: what it would cost to buy every share at today's price. That makes it the 9th largest large cap company we cover.
₹5.0 L Cr
Large Cap9th largest large cap company
Share price₹391.50
×
Shares in issue1,274 crore
=
Market cap₹5.0 L Cr
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →
Key facts
From the exchange
- Symbol
- NSE: LICI
- ISIN
- INE0J1Y01017
- Cap bucket
- Large Cap, 9th largest by market cap
- Industry (NSE)
- Financial Services › Insurance › Life Insurance
- Listed since
- 2022
- Futures and options
- Traded
Is Life Insurance Corporation of India overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 8.3 vs peers 22.5 (3rd of 17); P/B 2.6 vs peers 3.0 (9th of 17).
Valuation
Latest price and trailing 12 months
P/E
8.30
vs peers 22.5 · 3rd of 17
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B
2.62
vs peers 3.0 · 9th of 17
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap
₹4.99 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield
1.4%
vs peers 0.6% · 5th of 15
Last year's dividends as a share of today's price. Learn more →
PEG (vendor)
0.92
vs peers 2.6 · 2nd of 14
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth
0.25
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
Is Life Insurance Corporation of India a quality business?
CLEAN on 8 of 22 lender flags judged.
Quality and risk
Data as of 12 Oct 2026
Business quality
Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score
Not available
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level
CLEAN
8 of 22 lender flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →
Lender scorecard
Statements through FY2026 (Mar-26)
Basis: latest typed accounts older than two years; nothing computed from them; not a lender: no NIM, asset quality, credit cost or loan growth
Net interest margin
Not available
What a lender earns on its loans and investments less what it pays for deposits and borrowings, as a share of the assets that earn interest (or of all assets where the split is not filed). Learn more →
Gross NPA
Not available
Loans on which repayment has stopped, as a share of all loans, before any provision against them; from the latest results filing. Learn more →
Net NPA
Not available
Bad loans after the provisions already set aside against them, as a share of loans. Learn more →
Provision coverage
Not available
How much of the gross bad loans has already been provided for. Learn more →
Credit cost
Not available
The year's provisions for bad loans as a share of the average loan book. Learn more →
Cost to income
Not available
Operating expenses (staff, branches, technology) over net interest income plus other income. Learn more →
Return on assets
Not available
Profit as a share of average total assets. Learn more →
CET1 ratio
Not available
Common equity tier 1 capital, the hardest kind, against risk-weighted assets; from the latest results filing. Learn more →
Loan growth YoY
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth YoY
Not available
Growth in deposits over the latest fiscal year. Learn more →
CASA ratio
Not available
Current and savings account balances as a share of all deposits. Learn more →
Inside the app
Get a sneak peek of Valarth
Has Life Insurance Corporation of India made money for shareholders?
Not over these periods: −12.1% over one year.
Shareholder returns
5-year return
Not available
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer
Not available
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →
Returns
3Y and 5Y are yearly averages
1W
+1.4%1M
+0.7%3M
−10.7%6M
−1.9%1Y
−12.1%3Y
+9.5%5Y
—— not available
Does Life Insurance Corporation of India pay a dividend?
Yes. Life Insurance Corporation of India's dividend yield is 1.38% at the latest price; the last payout was ₹10.00 a share, ex-dividend 25 Jun 2026.
Dividends
Per share, by ex-dividend date
Dividend yield1.38%
The past 12 months' dividends as a share of today's price.
25 Jun 2026 · Final₹10.00
25 Jul 2025 · Final₹6.00
19 Jul 2024 · Final₹3.00
21 Feb 2024 · Interim₹2.00
21 Jul 2023 · Final₹1.50
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.
Is Life Insurance Corporation of India growing?
Revenue 3 years 7.5% a year; eps 3 years 33.8% a year; revenue 5 years 6.4% a year.
Growth
Statements through FY2026 (Mar-26)
Loan growth
Not available
Growth in the loan book over the latest fiscal year. Learn more →
Deposit growth
Not available
Growth in deposits over the latest fiscal year. Learn more →
Revenue 3 years
7.5% a year
vs peers 20.6% · 17th of 17
Compound annual growth of revenue over three years. Learn more →
EPS 3 years
33.8% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
Revenue 5 years
6.4% a year
Compound annual growth of revenue over five years. Learn more →
EPS 5 years
107.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
How did Life Insurance Corporation of India do last quarter?
Life Insurance Corporation of India reported income of ₹2.4 L Cr, up 9.9% on a year earlier and a net profit of ₹13,584 Cr, up 18.9% in the Jun 2026 quarter.
Latest quarter
Jun 2026
Income, latest quarter₹2.4 L Cr
+9.9% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹13,584 Cr
+18.9% on a year earlier
What was left for shareholders after every cost and tax.
How does Life Insurance Corporation of India compare with its peers?
Compared with 16 Financial Services (the sector, as the industry was too small); 3rd of 17 on P/E.
Compared with 16 Financial Services (the sector, as the industry was too small)
16 companies
- Life Insurance Corporation of India (this page)
- HDFC Bank Ltd
- ICICI Bank Ltd
- State Bank of India
- Bajaj Finance Ltd
- Kotak Mahindra Bank Ltd
- Axis Bank Ltd
- Bajaj Finserv Ltd
- Shriram Finance Ltd
- SBI Life Insurance Company Ltd
- ICICI Prudential Asset Management Co Ltd
- Jio Financial Services Ltd
- Cholamandalam Investment & Finance Company Ltd
- Tata Capital Ltd
- Punjab National Bank
- BSE Ltd
- Union Bank of India
Life Insurance Corporation of India against its peers
Largest 10 of 16 peers, by market cap
CompanyMarket capP/EP/BROE1YQuality 🔒Rank 🔒
Life Insurance Corporation of India₹5.0 L Cr8.32.637.9%−12.1%
Peer median—22.53.015.8%−0.9%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.
Who owns Life Insurance Corporation of India?
Life Insurance Corporation of India is held by promoters 96.5%, foreign institutions 0.4%, domestic institutions 1.0%.
Shareholding pattern
Latest filing, percent of shares
Promoters96.5%
The founders and controlling group.
Foreign institutions0.4%
Overseas funds investing through the FPI route.
Domestic institutions1.0%
Indian insurers, banks, pension and mutual funds together.
Mutual funds0.8%
Indian mutual fund schemes; part of domestic institutions.
Retail and others1.6%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.
What do analysts say about Life Insurance Corporation of India?
23 analysts cover Life Insurance Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.
Analyst consensus
23 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.
What does Life Insurance Corporation of India do and what is it sensitive to?
Life Insurance Corporation (LIC) of India is a domestic systemically important insurer selling life insurance products including participating and non-participating plans, unit-linked insurance plans, pension plans, and micro-insurance to individuals, groups, and government entities across India and internationally. Sensitive to: GDP growth rates.
Business-model card
FY2025 · 65 verified
9Revenue
11Channels
4Regulators
7Reg. dependencies
6Sensitivities
3Costs
4Geographies
Life Insurance Corporation (LIC) of India is a domestic systemically important insurer selling life insurance products including participating and non-participating plans, unit-linked insurance plans, pension plans, and micro-insurance to individuals, groups, and government entities across India and internationally. It earns revenue primarily through premium income on life policies, fund management charges on linked business, and ancillary fees from bancassurance and digital distribution channels.
Revenue engine
9 verified
Participating Life Individual policies
Long-term savings and protection benefits through traditional endowment, whole life, and money back plans; share of Non-Par in individual category reached 27.69% in FY2025 from 18.32% prior year, reflecting strategic shift toward Non-Par products
Non-Participating Life (Individual & Group) policies
Risk-transfer insurance with investment-linked and flexible premium options; segment includes term assurance, unit-linked plans (ULIPs), and whole life plans with comprehensive coverage
Pension and Annuity products (Participating and Non-Participating)
Retirement income and guaranteed income solutions for individuals and groups; maturity claims and annuity payments totaled ₹2,37,313 crore (FY2025) and ₹22,098 crore respectively
6 more statements
Micro Insurance products
Affordable insurance for low-income and rural groups under government mandates like PMJJBY; 8.99 lakh policies with net business premium of ₹354.81 crore sold in FY2025
Bancassurance partnership premium
Distribution through 95 partner banks generating premium income; Banks channel showed premium procurement of ₹2,577 crore (FY2025) with 57.10% growth versus prior year
Other Alternate Channels (Corporate agents, Brokers, IMFs) premium
Distribution through 88 corporate agents, 301 brokers, and 162 IMFs generating ₹919 crore with 60.43% growth; complements agent and bancassurance channels
Digital Marketing channel premium
Online direct-to-consumer platform launched June 2021 offering paperless, end-to-end digital experience; procured 5,004 online policies (₹60.98 crore) and 3,744 NPS fund policies (₹271.33 crore) in FY2025
Fund management charges and investment-linked income
Income from linked funds including fund management charges, policy administration charges, mortality charges recovered from linked fund in accordance with policy terms
Commission income from corporate agent arrangements
Fees and remuneration for acting as Corporate agent under IRDAI regulations; subject to continuation or renewal or modification of arrangements as per related party policy
Customers & channels
11 verified
Individuals with regular income
Salaried employees seeking life cover, tax benefits, and savings through endowment, money back, and term plans; core segment for personal protection and financial savings
Self-employed business owners
Entrepreneurs seeking wealth creation with risk cover; prefer flexible premium options and ULIPs with pension plans for retirement planning
Young professionals and students
Minors, students, and early-career individuals buying term or simple endowment plans seeking low-premium protection and basic coverage
8 more statements
Senior citizens
Retirees seeking guaranteed income and long-term security through pension plans; focus on steady income flow rather than savings accumulation
Group customers (Corporate, Government, NGOs)
Organizations buying group term life, gratuity, superannuation, and leave encashment schemes for employee benefit management; market share in FYPI is 71.19%
NRI customers
Non-resident Indians seeking family security in India through long-term savings or term plans; purchase motivated by trust in LIC's secure and recognized brand
Rural and low-income groups
Recipients of government-mandated affordable insurance schemes like PMJJBY; tailored policies for farmers, laborers, and underinsured populations
Agent distribution channel
Direct sales force conducting door-to-door and face-to-face customer outreach; multi-channel distribution framework spanning urban and rural areas
Bancassurance channel
Partnerships with 95 banks leveraging their branches and customer base for product distribution; Banks generated ₹2,577 crore premium (57.10% growth) in FY2025
Broker and Corporate Agent channels
301 brokers and 88 corporate agents distributing products; alternate channels generated ₹919 crore with 60.43% growth in FY2025, complementing traditional agent network
Digital direct-to-consumer channel
Online platform (ANANDA) enabling self-service policy purchase with minimal human intervention; 18 products available for online purchase, targeting tech-savvy millennials
Regulators
4 verified
Insurance Regulatory and Development Authority of India (IRDAI)
Governs product approvals, pricing, commission caps for distribution, corporate governance standards, policyholder protection, capital structure, management expenses, social sector and rural obligations, and actuarial practices
Reserve Bank of India (RBI)
Oversees macroeconomic policy including interest rates and monetary policy affecting insurance demand and investment returns; recently projected real GDP growth for FY2025-26 at 6.7%
Securities and Exchange Board of India (SEBI)
Governs listing obligations, disclosure requirements, insider trading prevention, substantial acquisitions, and takeovers applicable to LIC as a listed public company
1 more statement
Ministry of Finance and Department of Financial Services, Government of India
Provides policy oversight, regulatory advice, and government backing; Directors acknowledge active support on various issues
Regulatory dependencies
7 verified
Commission cap on distribution under IRDAI regulations
Fees and remuneration for corporate agent distribution subject to IRDAI-prescribed limits; affects profitability of distribution channels and cost of premium acquisition
Product approval and modification by IRDAI
All life insurance products require regulatory approval; Corporation modified 32 products across categories (endowment, whole life, pension, term, money back, ULIP, micro) in FY2025
Management expense ratios governed by IRDAI
Operating expenses related to insurance business subject to regulatory caps; total operating expenses decreased 26.41% to ₹35,415 crore in FY2025, affecting cost structure and profitability
4 more statements
Solvency and capital requirements under IRDAI
Mandatory capital levels and solvency ratios enforced by IRDAI; Risk Management Committee reviews solvency position on regular basis
Group insurance and social sector/rural obligation mandates
IRDAI regulations require participation in government social sector schemes (PMJJBY) and rural insurance; affects product mix and market reach in underserved segments
Actuarial, Finance and Investment Functions Regulations (IRDAI)
Governs segmental reporting, accounting standards, and investment allocation policies; Corporation reports revenue and balance sheet by product segments and policyholders vs. shareholders
Prevention of Money Laundering Act (PMLA), 2002 compliance
Know-Your-Customer (KYC) and Anti-Money Laundering procedures mandatory in policy underwriting and distribution; affects onboarding speed and operational costs
Sensitivities
6 verified
GDP growth rates
Robust GDP growth drives demand for insurance products; Indian economy's GDP growth moderated to 6.5% in FY2024-25, affecting insurance sector expansion. RBI projects 6.7% growth for FY2025-26 as positive tailwind
Inflation and monetary policy
Inflation affects household savings behavior and investment returns; global headline inflation expected to decline to 4.3% in 2025 and 3.6% in 2026. Central banks fine-tuning monetary policy creates uncertainty for returns on investments
Employment and income growth
Household income growth rates drive insurance penetration and premium capacity; macro environment includes trends in employment affecting savings allocation to insurance vs. competing assets like real estate, gold, bank deposits
3 more statements
Monsoon and agricultural cycles
Normal monsoon expected to support economic growth; adverse monsoon impacts rural income and demand for insurance in agricultural regions
Foreign exchange and trade deficit
Merchandise trade deficit widened to $282.8 billion in FY2024-25 from $241.1 billion; lower FDI inflows ($0.4 billion vs. $10.1 billion) may affect business expansion and overseas operations; foreign currency borrowings exposed to exchange rate fluctuations
Consumer confidence in insurance sector
Business benefits from increased consumer confidence; adverse macroeconomic conditions reduce demand for insurance products, increase policy surrenders and withdrawals, and reduce investment returns
Cost inputs
3 verified
Travel and conveyance expenses
Field operations cost for agents and staff visits; travel, conveyance, and vehicle running expenses totaled ₹477.72 crore in FY2025, supporting distribution network activities
IT infrastructure and cybersecurity
Systems, software, and security expenses support digital platforms (e-FEAP, ANANDA, Digital App); corporation upgraded network bandwidth, firewalls, and cloud infrastructure for operational resilience
Investment advisory and asset management services
Advisory services, asset management fees, and custody services for policyholder fund management; subject to transaction with LIC parent entity as related party arrangement
Geographies
4 verified
India (28 states and 8 Union Territories)
Primary market with extensive domestic network; 36 national locations covering all states and UTs; substantially all income generated in India where vast majority of business is conducted
International operations (11 countries)
Foreign branches and subsidiaries in United Kingdom, Mauritius, Fiji, and GIFT City (Gandhinagar, India); GCC countries (Bahrain, Kuwait, Qatar, UAE) through LIC (International) BSC in Bahrain; total assets ₹5,090.08 crore and net profit ₹58.69 crore in FY2025
Urban areas (37.4%)
Currently 37.4% of Indian population lives in urban areas (2025); urbanization driving infrastructure investment, job creation, and increased savings capacity; projected to reach 52.8% by 2050
1 more statement
Rural areas
Government-mandated social sector schemes like PMJJBY targeting low-income groups; tailored policies for farmers and laborers; crucial for expanding insurance penetration in underinsured regions
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.
What changed recently?
Q1 FY2027 results filed (6 Aug 2026).
Change log
8 entries · newest first
- Results filedQ1 FY2027 results filed.
- Corporate actionDividend - Rs 10 Per Share.
- Corporate actionBonus 1:1; price history adjusted.
- Results filedQ4 FY2026 results filed.
- Results filedQ3 FY2026 results filed.
- Results filedQ2 FY2026 results filed.
- Results filedQ1 FY2026 results filed.
- Corporate actionDividend - Rs 12 Per Share.
Get alerts →Sign in to be told when any of these change.
What this page does not tell you
What could not be judged, and why. Never empty.
- Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
- FlagsCLEAN on 8 of 22 lender flags judged; no red flag; 14 could not be judged.
- Data gapsBusiness quality, Quality score, Net interest margin, Gross NPA, Net NPA, Provision coverage and 11 more: not available yet.
Not applicable to a bank, lender or insurer · 12
- Altman ZAltman Z reads working capital and sales over assets, which a lender's balance sheet does not have.
- Piotroski F-scorePiotroski's leverage and liquidity checks read deposits and borrowings as weakness.
- Beneish M-scoreThe Beneish model reads receivables, margins and depreciation that a lender's accounts do not report.
- Operating marginInterest is a lender's cost of goods, so operating profit before interest is not defined.
- Interest coverageInterest is a lender's main cost, not a charge on operating profit.
- Debt to equityBorrowings and deposits are a lender's raw material; gearing is judged by capital adequacy instead.
- EV/EBITDAEnterprise value adds borrowings to market cap; for a lender borrowings are the business, not a claim on it.
- FCF yieldOperating cash flow less capex is not free cash flow for a lender: loan growth sits in operating cash flow.
- Cash conversion cycleA lender's receivables are its loan book, not invoices waiting to be paid.
- Asset turnoverA lender earns a spread on its assets, not a turnover of them.
- ROCEEBIT over capital employed reads a lender's interest income against its borrowings; return on assets and return on equity are the lender's measures.
- ROCE, 10-year averageEBIT over capital employed reads a lender's interest income against its borrowings; return on assets is the lender's measure (HDFC Bank's 1.7% ten-year ROCE means nothing).
What this page rests on
✓8 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓53 months of month-end prices, adjusted for bonuses and splits (1 corporate action)○no valuation of ours yet✓business-model card FY2025 · 65 verified
Questions people ask
What is Life Insurance Corporation of India's share price today?
Life Insurance Corporation of India last traded at ₹391.50 on the NSE, as of 12 Oct 2026, 11:00 pm IST, down 0.7% on the day, down 12.1% over a year. Its 52-week range is ₹361 to ₹468. The live price is in the app.
What is Life Insurance Corporation of India's market cap?
Life Insurance Corporation of India's market capitalisation is about ₹4.99 lakh crore: what it would cost to buy every share at today's price. That makes it the 9th largest large cap company we cover.
Is Life Insurance Corporation of India a large cap, mid cap or small cap?
Life Insurance Corporation of India (LICI) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.
What is Life Insurance Corporation of India's P/E ratio?
8.30, vs peers 22.5 · 3rd of 17. Price divided by last year's earnings per share: how many years of today's profit you pay for.
Is Life Insurance Corporation of India overvalued?
Cheap, with low confidence: no valuation within 120 days; P/E 8.3 vs peers 22.5 (3rd of 17); P/B 2.6 vs peers 3.0 (9th of 17).
How does Life Insurance Corporation of India make money?
Life Insurance Corporation (LIC) of India is a domestic systemically important insurer selling life insurance products including participating and non-participating plans, unit-linked insurance plans, pension plans, and micro-insurance to individuals, groups, and government entities across India and internationally. It earns revenue primarily through premium income on life policies, fund management charges on linked business, and ancillary fees from bancassurance and digital distribution channels.
Why is there no Altman Z or debt to equity for Life Insurance Corporation of India?
Borrowing is a bank's or lender's raw material, so those ratios mislead. Net interest margin, gross NPA, return on assets and the capital ratios are shown instead.
Who are Life Insurance Corporation of India's peers?
Compared with 16 Financial Services (the sector, as the industry was too small): HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Bajaj Finance Ltd, Kotak Mahindra Bank Ltd and 11 more. The app shows how they compare on every figure.
Is this investment advice?
No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.
How did Life Insurance Corporation of India do last quarter?
Life Insurance Corporation of India reported income of ₹2.4 L Cr, up 9.9% on a year earlier and a net profit of ₹13,584 Cr, up 18.9% in the Jun 2026 quarter.
Who owns Life Insurance Corporation of India?
Life Insurance Corporation of India is held by promoters 96.5%, foreign institutions 0.4%, domestic institutions 1.0%.
Does Life Insurance Corporation of India pay a dividend?
Yes. Life Insurance Corporation of India's dividend yield is 1.38% at the latest price; the last payout was ₹10.00 a share, ex-dividend 25 Jun 2026.
What do analysts say about Life Insurance Corporation of India?
23 analysts cover Life Insurance Corporation of India, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.