The Life Insurance Corporation (LIC) of India is planning to change the composition of its investment portfolio in keeping with the Malhotra Committee's recommendations. The proposal is significant as LIC's total investments at the end of 1995-96 were estimated at Rs 72,780 crore. The proposed changes would mean a decline in the share of state and Central government securities in LIC's total investment portfolio from the present 50 per cent and a corresponding increase in the insurance giant's investments in approved securities like public sector bonds.
Confirming the plan, LIC chairman N M Govardhan told Business Standard:
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app