LIC invests Rs 90,000 cr

 
“We have made a total investment of over Rs 90,000 crore in various instruments of the markets till September-end,” Life Insurance Corporation of India (LIC) Executive Director (Investment-Operations) N Mohan Raj told PTI here.

Of the Rs 90,000 crore, the state-run insurer invested Rs 16,000-crore in the stock market, he said. LIC’s investment in the stock market every year is around 8 to 9 per cent of the total premium collected. The life insurer was bullish on the banking and pharma sectors, he said.

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