LIC launches new Bima Ratna policy in domestic market, check details

LIC has launched a new policy today. This new policy called LIC Bima Ratna has been launched. The company has also informed the stock exchange about the new policy.

As per the information given to BSE, LIC Bima Ratna policy is a non-linked, non-participating, individual, savings life insurance plan. Shares of LIC were listed on the stock exchange on May 17.

As per the information given to the stock exchange, LIC will release the company's audit report, quarterly report, and detailed information about the company's performance for the entire financial year on May 30.

It has also been mentioned that LIC's new policy will work locally. No details about the new policy have been released yet.

LIC's letter to BSE provides information regarding the new policy. Detailed information about this Bima Ratna policy may be provided in the future.

The company's performance report will be released by LIC on May 30. The new policy is also expected to be unveiled on the same day.

LIC had earlier submitted its report for the December quarter. The company had posted a net profit of Rs 235 crore in the third quarter of the current financial year.

Everyone was also curious about LIC's IPO. An IPO of Rs 21,000 crore was also launched. But even so, LIC's IPO seems to be a flop for investors. Investors had to face losses on the first day.

But now that the company has announced that it will submit its report on May 30, the stock market is likely to see some movement on that day. Just to see how the report that LIC will release will have an effect on the stock market.