India's LIC drops on lower monthly premiums, stake sale report

Sbi Life Insurance

12/03/2025 08:28

** Shares of Life Insurance Corporation of India LIFI.NS fall 2.3% to 737.7 rupees

** Co's life insurance premiums for February down 22%, steeper than the industry average of around 12% decline

** Separately, India's govt may divest 2%-3% stake in co to meet mandated 10% public shareholding norm, Mint reports

** Stock trading below 50-, 100-, 200- day moving avgs

** Avg rating on stock is a "buy;" median PT is 1,100 rupees - data compiled by LSEG

** Stock down 16.8% so far this year vs a 1.3% gain in SBI Life Insurance SBIL.NS and 2.5% jump in HDFC Life Insurance HDFL.NS

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))