The total investment corpus of Life Insurance Corporation of India (LIC) has touched Rs 14.8 lakh crores (provisional) as of 31 December 2013 as against Rs 13.49 lakh crores at the end of December 2012, registering a growth of 10% in first nine months of this fiscal.
Investment in government securities accounted for a major chunk in LIC’s investments with investments worth Rs 7.27 lakh crores. Housing and infrastructure investments stood at Rs 1.91 lakh crores. And the rest included investments in the corporate sector and project loans.
Central government securities contributed Rs 4.77 lakh crores, followed by state government and other government guaranteed marketable securities.
Among housing and infrastructure investments, LIC has maximum amount of investments in the power sector, contributing Rs 94,294 crores.
This was followed by housing with Rs 41,900 crores. Other areas in infrastructure included irrigation, road, bridges, port and telecom.
LIC is expecting to invest a total of Rs 2.4 lakh crores in bonds, equities and government securities in the current financial year.
In terms of performance of different distribution channels, out of the first premium income, Rs 1,486 crores came from the chief life insurance advisor. Bancassurance and alternative channels contributed Rs 870.63 crores and direct marketing contributed Rs 218 crores.
vinay mohanty
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