What will be the impact of rate cuts on LIC?
Our primary concern is to cover the risk, the second is to return the premium, and third, meet reasonable expectation of the customer in terms of return. Wherever there are guaranteed return policies, we have locked into investments to match the promised returns. We also have 14% investment in equity, which rises to 20% going by market value. Last year, we made Rs 23,000-crore profit from equity and have crossed Rs 11,500-crore pro ..