News From Press LIC may cut back investing in stocks as new new premium growth stalls

LIC may cut back investing in stocks as new new premium growth stalls

Official figures suggest that a cut back in equity allocation by Rs10,000 could be the lowest in a decade

Mint Jun 4, 2020

India’s largest life insurer and domestic institutional investor (DII) Life Insurance Corporation of India (LIC) may revise its equity investment target downwards by more than Rs10,000 crore for the current year due to stalling new premium growth amid covid related disruptions, two people directly aware of the life insurer's internal discussions told Mint requesting anonymity.

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