Brokerage firms believe LIC's shift towards non-participating products and the expansion of non-agency distribution channels demonstrate the company's efforts towards increasing VNB
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LIC is going to launch one product in the first week of December, he said, hoping that it will attract a lot of traction in the market. In addition, he said, loan facility and premature withdrawal would also be a feature of the new product.
LIC jumped 9 percent to Rs 674.65, GIC surged 14 percent to hit a fresh 52-week high of Rs 301.80 and NIACL, too, galloped to fresh 52-week high of Rs 208 after gaining 17 percent