Country’s largest life insurer, Life Insurance Corporation of India (LIC) has filed applications for two new products with Irda in the online term insurance segment.
Company has already one product online. As soon as two new products will get Insurance Regulatory and Development Authority’s (IRDA) approval, LIC will launch these products.
Meanwhile, LIC is planning to invest around Rs 2-2.2 lakh crores in the markets this year including equity and debt. And of this, in current financial year LIC will invest around Rs 45,000 crores in equities. In last fiscal LIC has invested Rs 1.95 lakh crores in the markets.
vinay mohanty
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