 "LIC, life insurance")
Life Insurance Corporation (LIC), the country’s largest insurer, booked profits of Rs 19,000 crore from its equity investments in financial year 2016-17, LIC Chairman V K Sharma said on the sidelines of the launch of a new endowment product, Jeevan Umang, on Tuesday.
In its equity portfolio, the state-owned life insurance player benefited from the 17 per cent Sensex rally during the year, resulting in a 72 per cent increase in its profits from equities, compared with Rs 11,000 crore in FY16. According to provisional data, LIC invested around Rs 40,000 crore in equities in FY17; in FY16, the
In its equity portfolio, the state-owned life insurance player benefited from the 17 per cent Sensex rally during the year, resulting in a 72 per cent increase in its profits from equities, compared with Rs 11,000 crore in FY16. According to provisional data, LIC invested around Rs 40,000 crore in equities in FY17; in FY16, the
