LIC shares surged by as much as 6% on Friday. (File)State-run Life Insurance Corporation has surpassed market value of Rs 7 lakh crore, making it the fifth most-valued company in the country. Shares of India’s largest life insurer surged by as much as 6% on Friday. An exchange filing Thursday showed LIC reported a 49% year-on-year surge in standalone profit after tax, reaching Rs 9,444 crore, while net premiums rose by 5% to Rs 1,17,017 crore.According to the company’s Q3 results, the value…
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Life Insurance Corporation LIC Becomes 5th Most-Valued Indian Firm, Reliance Tops List
