The Life Insurance Corporation (LIC) of India is India’s biggest insurance company. It is also India’s biggest investment firm.
It is so big that it keeps coming to the rescue of the government now and then, when the government cannot find enough buyers for the financial securities that it wants to sell.
Nevertheless, the question is, how good is LIC when it comes to generating returns on the investments it makes?
Before we figure that out, it is good to point out that LIC is basically an investment firm which also sells insurance. A major portion of the money that it collects as premium from Indians, against the so called insurance policies that it sells, is invested in stocks and bonds (both private as well as government).