LIC IPO - Competitive Strengths, Key Business Strategies, Financials: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities' IPO Report.Given the under-penetration of life insurance in India, the higher protection gap, and the improving financialisation of savings, we expect Life Insurance Corporation of India to maintain its market leadership position adequately supported by good business traction. Furthermore, LIC intends to increase its share of high-margin non-par products to improve its margins which will augur well for the company over the long term. Additionally, the company's new business premium/annual premium equivalent growth has witnessed a strong rebound, enabling it to gain market share in Q4 FY22. We believe LIC would trade at attractive valuations as at the upper end of the price band, the stock would trade at ~1.1 times market cap/enterprise value (H1 FY22 embedded value) versus the industry average of approx. three times..Click on the attachment to read the full IPO report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

LIC IPO - Competitive Strengths, Key Business Strategies, Financials: Axis Securities

LIC IPO - Competitive Strengths, Key Business Strategies, Financials: Axis Securities

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