LIC to invest Rs 117-lakh cr in FY08

 LIC's investment in the capital market as on March 31, 2007 stood at Rs 1,24,643 crore and it intended to invest between Rs 10,000 to 12,000 crore in equities and preference shares in the current fiscal.

Till March 31, 2007 LIC's total investment was of Rs 6,13,267 crore of which 2,72,498 crore was invested in central government securities, Rs 64,285 crore in state government and other approved securities, Rs 73,746 crore in infrastructure and social investments and Rs 44,217 crore in bond and debentures.

The popular unit-linked insurance plans (ULIP) contributed 80% in LIC's new business premium of Rs 39,541 crore as compared to the traditional business products.