![Friday frenzy! PSU insurers LIC, GIC, New India Assurance rally up to 20%](https://images.assettype.com/fortuneindia%2F2022-06%2Fd0fbd296-c817-4a90-928a-12701510b224%2FGettyImages_175390336_2.jpg?rect=0,124,1732,866&w=300&q=95)
Friday frenzy! PSU insurers LIC, GIC, New India Assurance rally up to 20%
Shares of GIC of India and New India Assurance touched their respective 52-week highs, while LIC shares notched the largest intraday gain since listing
Shares of GIC of India and New India Assurance touched their respective 52-week highs, while LIC shares notched the largest intraday gain since listing
The life insurance industry is likely to post a 200-300% increase in claims this year, hurting the profitability of most insurers.