Preview: LIC's margins to improve on better product mix, analysts say

Life Insurance of India

06/08/2026 05:18

** India's LIC LIFI.NS is expected to report annualised premium equivalent growth of 9%-16% YoY in Q1, with growth driven by a favorable base, group business traction and strong April sales, analysts say
** VNB growth is seen at 19%-31% YoY, with analysts expecting profitability to outpace premium growth
** Centrum expects 16% APE growth and 19% VNB growth
** LIC's VNB margin is forecast between 15.8%-18.5%, supported by a richer non-par product mix, though GST input tax credit changes could partially offset gains -- analysts at brokerages Centrum, Antique and Emkay say
** Stock down 1.1% at 388.70 rupees
** Avg rating of 22 analysts is "buy"; median PT is 508.85 rupees -- LSEG compiled data
** YTD, LIC down 9.1%


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))