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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