Life Insurance Corporation of India (LIC) has seen a 60 per cent appreciation in the market value of its equity portfolio to over Rs 80,000 crore during the six months ended September 2005. | |
| The state-owned life insurer has been active in the equity market and has benefited from the rise in prices of various scrips. |
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| LIC made fresh investments of Rs 5,000 crore in equities during April-September 2005, LIC chief (investment) S B Mainak said on the sidelines of launch of LIC's third unit linked insurance plan, called "Jeevan Plus". |
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| LIC plans to increase its investments in equities to 10 per cent of its total portfolio from 8 per cent now. This would be done through a careful investment strategy, Mainak said. |
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| LIC has been very active in the government securities primary issuances. LIC bought goernment securities worth Rs 35,000 crore in the first half of 2005-06. Most of The long term government bonds sold in RBI conducted auctions were purchased by LIC, he said. |
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| Jeevan Plus, a whole life plan provides benefit of investments with insurance cover. LIC's western zone has targeted to sale five lakh Jeevan plus policies till March 2006 and earn premium income of Rs 500 crore. It's Bima Plus and Future Plus had garnered about Rs 7,500 crore. |
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| The Western zone has sold close to 17 lakh policies and earned the first premium income of Rs 892 crore in first six months of the current financial year. |
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| The total premium including renewal premium collections were RS 5,424 crore. |
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