LIC share price, Sept. 15 -- Shares of India's largest insurer, Life Insurance Corporation of India (LIC), which debuted in 2022, have had a turbulent period on Dalal Street. While still struggling to reclaim its IPO price of Rs.949, LIC stock has gained 20% in six months, raising hopes of a further rally.

LIC share price ended 1% higher at Rs.883.65 on the BSE today. The large-cap insurer and market leader has a 63.51% market share in first-year premium income (FYPI) as of Q1 FY26. This includes a 38.76% share in the individual business segment and a dominant 76.54% share in the group business, which is significantly ahead of private players such as HDFC Life and ICICI Prudential.

However, according to Harshal Dasani, Business Head at ...