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LIC plans to invest another Rs 2 lakh crore in stocks, bonds in FY21

Synopsis

The largest domestic institutional investor has already invested a similar quantum since April 1. This is marginally higher than the investments in the corresponding period last year, reflecting no slowdown in the insurance industry.

MUMBAI: Life Insurance Corporation of India (LIC) will likely invest an estimated Rs 2 lakh crore in bonds and equities through the rest of FY21 as it expects demand for protection and coverage to increase in the aftermath of the pandemic, thus raising premium collections.The largest domestic institutional investor has already invested a similar quantum since April 1. This is marginally higher than the investments in the corresponding period

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