Friends, today we are going to talk LIC Share Price Target 2023, 2024, 2025, 2026, 2030 Today we will try to know in which direction the performance of these big government companies associated with the insurance sector can be seen going in the coming years. Due to LIC’s strong dominance in the entire insurance sector market, many investors are seen expecting huge growth in the company in the coming times.
Today, along with thoroughly analyzing the business of LICI, we will also look at the future opportunities of the company’s business, which will give us some idea of what will happen in the coming years. Life Insurance Corporation of India (LIC) share price target How many rupees can be seen reaching? Let us analyze in detail-
LIC Share Price Target 2023
If we look at India’s insurance sector, 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, it is 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 trust which helps a lot in the company. To grow the business faster.
After LIP launches its IPO, gradually the company’s focus is going to increase on maximum profit. Earlier, the company used to share most of the profits earned with the policyholders, but in the future, its amount is going to be very less and most of the profits are going to remain within the company, due to which there will be more losses in the business of LIC in the coming days. You are definitely going to see the rise.
As the business grows rapidly in the coming days, LIC Share Price Target 2023 Giving very good returns till now, you will see the first target going around Rs 660. As soon as this target is achieved, you can soon see the second target of Rs 700.
LIC Share Price Target 2023 Table
| Year | LIC Share Price Target 2023 |
|---|---|
| First Target 2023 | Rs 660 |
| Second Target 2023 | Rs 700 |
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LIC Share Price Target 2024
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. Due to having such a large and strong distribution agent network, the company is successful in selling the maximum number of policies every year compared to other private insurance sector companies.
The company has been able to expand its business in every small rural area of India with the help of its strong agent network. Talking about rural areas, about 71 percent of all the policies sold there are sold only by LIC, 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 2024 Apart from showing good growth in business also, you can see the first target showing Rs 800. After that you can see the second target to be Rs 850.
LIC Share Price Target 2024 Table
| Year | LIC Share Price Target 2024 |
|---|---|
| First Target 2024 | Rs 800 |
| Second Target 2024 | Rs 850 |
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LIC Share Price Target 2025
LIC always covers the customer’s lifecycle and offers all types of insurance in different categories as per the customer’s need. With the help of the company’s approximately 32 products in individual insurance, 11 products in group insurance and 7 products in riders, LIC is able to easily target the market of customers of every age group. Due to providing better service to the customers in every product category, LIC has been successful in maintaining a leading position in every segment.
Also, in order to continuously increase its market share and provide better facilities to the customers, LIC has always been seen launching different types of new plans in the market from time to time in each of its business categories. In the coming times also, as LIC will be seen launching new policies in the market to expand its business, you will definitely see a very good growth in the business.
Keeping in mind the growing business of the company LIC Share Price Target 2025 Apart from giving very good returns till now, the first target can be seen showing you Rs 1000. And then you can definitely think of holding the second target of Rs 1050.
LIC Share Price Target 2025 Table
| Year | LIC Share Price Target 2025 |
|---|---|
| First Target 2025 | Rs 1000 |
| Second Target 2025 | Rs 1050 |
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LIC Share Price Target 2026
Nowadays, everyone is slowly preferring to buy online whether it is investment or insurance. In the future also, if we want to maintain our dominance in the insurance sector, then we will definitely have to increase our presence in online. Currently, if we look at the presence of LIC in online, it is very less compared to other Patiogi companies related to the insurance sector, that is why other Patiogi companies are currently seen taking advantage of the increasing growth in the online segment.
Management of LIC says that gradually the company is also seen trying its best to increase its presence online. In the coming days, if LIC is seen expanding its presence in online, then the company will definitely see its benefits in the online segment as it already has a strong brand value in the offline market.
As companies expand their presence online, LIC Share Price Target 2026 With excellent growth till now, the first target can be seen at Rs 1250. After that you can see the second target to be Rs 1300.
LIC Share Price Target 2026 Table
| Year | LIC Share Price Target 2026 |
|---|---|
| First Target 2026 | Rs 1250 |
| Second Target 2026 | Rs 1300 |
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LIC Share Price Target 2030
As you look at the entire insurance sector of India in the long run, there is a huge opportunity for growth, yet India is far behind in the insurance sector compared to other developed countries, due to the kind of population density seen in this country. Because of this, in the coming times, there will be huge opportunities for companies related to this sector to expand their business. According to analysts, India’s insurance market is expected to grow by about 16 to 17 percent in the coming times.
Due to increasing income of people and rapidly increasing awareness among people about 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 company in this sector and trusted by the people, the company is definitely going to get the maximum benefit from this increasing growth.
Considering the opportunity for long term growth in business LIC Share Price Target 2030 By then, there is every possibility of the share price going up to around Rs 3000, giving very good returns to the shareholders.
LIC Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | LIC Share Price Target |
|---|---|
| First Target 2023 | Rs 660 |
| Second Target 2023 | Rs 700 |
| First Target 2024 | Rs 800 |
| Second Target 2024 | Rs 850 |
| First Target 2025 | Rs 1000 |
| Second Target 2025 | Rs 1050 |
| First Target 2026 | Rs 1250 |
| First Target 2026 | Rs 1300 |
| Target 2030 | Rs 3000 |
Also read:- SBI Life Share Price Target 2023, 2024, 2025, 2026, 2030 Good earnings
Future of Life Insurance Corporation of India (LIC) share
If we look at LIC’s business from the future point of view, keeping in mind the rapidly growing opportunities in the insurance sector, in the coming times, we may see the company gradually increasing its focus on digitizing its business, due to which LIC’s business will increase. In the coming time, business can be seen running at a very fast pace.
The Government of India is also seen promoting more and more new schemes to promote the insurance sector, with it people have also started understanding that insurance is a better solution to manage their risks, due to which the insurance sector is expanding. The market is going to continue to grow in the coming times also.
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Risk of Life Insurance Corporation of India LIC share
If we look at the biggest risk in LIC’s business, the company seems to be losing its market share continuously for a long time. Whereas in 2001, the market share of Lic used to be around 95 percent, but now by 2022, it has remained only around 62 percent, and in the coming time, it is clearly visible that Lic may lose its market share to private companies in the coming years also. That is, if the company fails to save its market share at the right time, then you may see a huge decline in the business.
Talking about the second risk, since LIC is a government company, you will definitely see its impact in the future also, sometimes the government uses LIC’s money to save some other company, due to which the growth of the company gets affected. A huge impact is going to be seen in time.
my opinion:-
There is no doubt that the market of insurance sector is going to grow very fast in the coming time, LIC, the strongest and most trusted company of this sector, is definitely going to be seen taking advantage of this in the coming time. But along with growth, there are a lot of risks involved in LIC Shares, so before taking any investment decision, do not forget to analyze the company yourself or take the advice of your financial advisor.
LIC Share FAQ
– How will LIC Share be in terms of future?
Due to LIC being a strong brand in the insurance sector, the company can very well take advantage of the ever-expanding opportunities in the times to come. As the business grows in the future, LIC shares are also going to provide good returns to the shareholders.
– Will it be right to invest in LIC Shares for short term?
In the short term, there may be a lot of ups and downs in LIC shares, but in the long term, there is full potential to give very good stable returns to the shareholders.
– Who is the Managing Director of LIC?
BC Patnaik is currently employed as the Managing Director of LIC.
I hope LIC Share Price Target 2023, 2024, 2025, 2026, 2030 After reading the article, you would have got a good idea of where the company’s growth may be seen going in the coming years. If you still have any question related to this post or any suggestion for us, then do not forget to tell in the comment. For detailed information about such stocks related to the share market, you must read our other posts also.
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