Why LIC be accumulated at Lower Levels?

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LIC up 6%, Mcap above 4Lk Cr

Some Facts: LIC

Life Insurance Corporation of India (LIC) is a state-owned general insurance company in India. It was formed in 2000 through the amalgamation of the Life Insurance Corporation, MetLife and Old National. In 2005, it became a public limited company under the Companies Act. The company is listed on the Bombay Stock Exchange and the National Stock Exchange of India. As of 2017, it has a market capitalization of over $1 billion.

From Every 100 Rupee saved by Indians 10 Rupee Goes to LIC

Single-largest stakeholder in equity after the govt

LIC has 40% of India as a policyholder, Which Means if LIC is a country, It's 3rd Largest in the World

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