Big news for LIC investors, Embedded value of Rs 5.41 lakh crore till March 2022. Zee Business

LIC embedded value: Life Insurance Corporation of India, the country’s largest insurance company, has announced embedded value in its board meeting. The embedded value of the company as on March 31, 2022 is Rs 5.41 lakh crore. Embedded Value (LIC Embedded Value) is the most important measure of the life insurance company’s position which tells the current position of the total business of the company. The company’s VNB margin after the change in business pattern is 15.1% as against 9.9% as on March 31, 2021.

LIC Embedded Value will be announced every 6 months

According to the management of AIC, VNB margins have also improved due to change in new business mix. LIC Embedded Value will be announced every 6 months in future. Embedded value will be announced further along with the results for the September and March quarters.

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LIC shares fell 1 percent

The country’s largest insurance company LIC’s shares fell in Thursday’s trade. The stock closed at Rs 712.15, down 0.95 per cent on the BSE. LIC share had a flat start today. The stock closed at Rs 719 on Wednesday.

Weakness was the listing of LIC

Let us inform that the share of LIC was listed on May 17 at Rs 872 per share. The government had fixed the issue price of LIC’s shares at Rs 949 per share. LIC has sold 2 crore 17 lakh policies in India in FY 2022. That is, every minute LIC has sold 41 policies. In the financial year 2023 of LIC, the first year premium increased by 8% to close to 2 lakh crores i.e. 1 lakh 98 thousand crores.

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