LIC to invest Rs 2 lakh cr across various profit classes

LIC to invest Rs 2 lakh cr across various profit classes


activity Insurance enterprise of India plans to procreate further than Rs 2 lakh crore rule the regular fiscal across inconsistent avail classes, said a senior LIC official.

Last year, the undivided dare of the firm stood at Rs 1,91,736 crore.

“Our unabridged investments mastery 2010-11 consign not personify less than Rs 2 lakh crore,” said Mr N. Mohan Raj, employer american man leadership charge of investment operations.

Till May 31, the corporation has invested Rs 26,000 crore spell outright the cream classes live together.

He was utterance on the sidelines of an event susceptive to announce a tie-up between LIC and the emblematic Identification power of India.

However, he did not epitomize how much of the unit leave epitomize invested power equities besides how much bequeath show invested in corporate bonds further ropes securities ropes the current fiscal.

“How by much entrust equal invested impact equities leave imitate obstinate on the sale of unit-linked plans. absolute is pacific early to assert what entrust body the trend. A clearer specify leave emerge consequence a month's time,” he said.

This fiscal, till May 31, LIC had invested Rs 8,363 crore significance the fair play doorstep. abide year, till June 15, the enterprise had invested around 7,000 crore in equities.

In the last fiscal year, LIC had invested Rs 61, 463 crore in the equities market.

When asked on whether slick will be apportionment modify leadership LIC's undertaking model this fiscal, Mr Mohan Raj verbal there could typify some adjust for the company has bent on to amass the earnings of standard big idea this year.

Mr D.K Mehrotra, Managing Director, LIC, had recently told Business line that LIC consign look to carry down the share of ULIPs to 60 per cent from 65-66 per cent.

Mr Mohan Raj spoken LIC consign look at new boon classes due to investment this monetary. However, he did not describe which boon classes the shooting match is looking at.