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Why LIC shares surged over 10% today
Life Insurance Corporation of India (LIC), the nation's largest insurer, experienced a significant jump in shares due to expectations of double-digit growth in new business premiums. LIC's chairman, Siddhartha Mohanty, expressed optimism about higher growth based on recent trends in individual retail business. LIC's shares surged by 10.4%, the highest in eight months, and trade volume also increased. This positive outlook reflects the potential for insurers as the Indian economy outpaces other major peers.
Life Insurance Corporation of India (LIC), the nation's largest insurer, experienced a significant jump in shares due to expectations of double-digit growth in new business premiums. LIC's chairman, Siddhartha Mohanty, expressed optimism about higher growth based on recent trends in individual retail business. LIC's shares surged by 10.4%, the highest in eight months, and trade volume also increased. This positive outlook reflects the potential for insurers as the Indian economy outpaces other major peers. 
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