LIC clocks Rs 16k-cr profit through equity investments in April-Dec 2016

Chairman V K Sharma expects Rs 35,000 cr in new business premium by March-end

LIC chairman V K Sharma said net profit in equity market for April-December 2016 period stands at Rs 16,000 crore.

It posted a robust growth of 12.43% in the total premium income at Rs 1.45 lakh crore for the first nine months of the current fiscal ended December 31, 2016 from Rs 1.29 lakh crore in the corresponding period a year ago.

Total assets also grew by 12.81% to Rs 24.42 lakh crore in the reporting period from Rs 21.65 trillion in the year-ago period.

The life insurance behemoth's gross total income grew 15.76% to Rs 3.37 lakh crore in