LIC's market share 74.18%

Font Size

Print

Feedback

Email

Discuss

Related Articles

Top central banks yet to move for exitPNB extends festival bonanza by another two monthNo plans to change home loan rates: SBIRBI fixes reference rate for US dollar and Euro

Mumbai, September 4:: Insurance giant LIC had a healthy market share of 74.18 per cent in the last financial year with a premium collection of Rs 55,934.6 crore while nearly a dozen private insurers accounted for the rest 25.82 per cent.

However, in terms of number of new policies, the state- owned company enjoyed a much better market share of 82.83 per cent with 3.82 crore new policies, LIC Chairman T S Vijayan said in his presentation of the financial performance in 2006-07.

"In total LIC planned to invest around Rs 117 lakh crore this financial year of which Rs 52,000 crore had been already invested," he said.

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 6,13,266.58 crore of which 2,72,497.82 crore was invested in Central Government securities, Rs 64,284.80 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.