LIC may invest less in stocks as premium growth stalls
LIC has been traditionally called upon by the government to use its deep pockets to rescue privatization plans and even support the stock markets during major sell-offs
Life Insurance Corp. of India (LIC), the country’s largest buyer of stocks, may cut its equity investment target to about ₹30,000 crore for the current year, the lowest in a decade, as new premium growth declined amid coronavirus-related disruptions, two people directly aware of the insurer’s internal discussions said.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more