LIC to invest Rs 40,000 crore in equities in 2009 10

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Updated: 24/06/2009 | 12:00 AM IST

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LIC to invest Rs 40,000 crore in equities in 2009-10

Capital Market

Wednesday, June 24, 2009 (New Delhi)

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India's biggest life insurance firm Life Insurance Corporation (LIC) of India may pump in around Rs 40,000 crore in equities in 2009-10, reports quoting LIC Chairman T S Vijayan indicated on Tuesday, 23 June 2009. LIC had infused a similar amount in equities last year.

During the current financial year, LIC is eyeing a premium income growth of 20%, and premium collection saw a good growth in the first three months of 2009-10, reports added.

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