News From Press LIC’s equity investments ride high on market surge

LIC’s equity investments ride high on market surge

Books profit of about ₹14,800 crore on its investments in equities so far this fiscal

The Business Line Oct 3, 2020

India’s largest life insurer, Life Insurance Corporation, has raked in tidy gains on its equity investments so far this fiscal, thanks to a sanguine capital market. LIC has booked profits of ₹14,857 crore as against ₹11,437 crore last year for the same period (April to September) showing a growth of 30.37 per cent.

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