The face value of LIC share is `10 per share. LIC (Life Insurance Corporation of India) is the country’s largest and most reliable LIC insurance provider. LIC has been a trusted and reliable brand from the past 5 decades and has maintained its market presence all through.
LIC, a premier insurer, was initially owned by the Government of India. Though its ownership has changed, the face value of its shares continue to remain `10.
Most shares are valued at the current market rate, which is higher than their face value. As a result, it is common to pay more money than the face value of a share. However, the face value of an LIC share remains the same — `10, regardless of market conditions.
If you are looking to invest in LIC shares, there are a few things that you need to keep in mind. Firstly, the face value of the share will always remain at `10. Secondly, the amount of dividend that you receive annually is determined by the current market rate of the share. Lastly, you will have to pay taxes on the dividend amount that you receive.
Hope this helps!