During the current fiscal, Life Insurance Corporation, India’s largest insurer is about to invest Rs. 50,000 crore in the equity market. Including the in bonds, the total investment of LIC would be Rs. 3 lakh crore. S K Roy, chairman of LIC informed that the company is planning to invest Rs. 2.50 lakh crore in bonds and Rs. 50,000 crore in the equity market.Read more
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
He also informed that LIC had pulled out stocks worth Rs 51,000 crore in the last financial year and had invested across sectors. In the bond market, the company had made an investment of Rs 2.40 lakh crore in the last financial year.
Picking up the preferential shares, LIC has raised its stake in various public sector banks like Central Bank of India, Bank of Maharashtra and United Bank of India, during the present fiscal. During course of the year, more banks would make preferential allotment to LIC.
Disinvestment roadmap has been announced by the government for this fiscal and ONGC and NHPC have already started the process of disinvestment. The government is planning to sell out its 5% stake in SAIL, and 110% each in HAL and RINL besides sale of Tyre Corporation of India. In the disinvestment initiative of the government, LIC has been a key investor.
Government has estimated a collection of Rs 43, 425 crore from selling stake in PSUs and Rs 15,000 crore from sale of residual stake in the previous government companies.
With 24 insurers, life insurance sector earned a total premium of Rs 19,699 crore in the April – June 2014-15.
75% of market share are with LIC that helped it collect Rs 41, 441 crore and Rs 48,682 crore from individual and group premium respectively aggregating to Rs 90,124 crore.
09 Aug 2023High net worth individuals often opt for life insurance plans to
28 Jun 2023“Policy Bazaar insurance clarified the term policy for me, so
27 Jun 2023“I recently bought an HDFC term plan and it is the best
20 Jun 2023The best life insurance policy in India is a type of life
20 Jun 2023Insurance is a financial product that transfers the risk to a