Online Life Insurance

Kolkata, June 24 Life Insurance Corporation is to ramp up its equity exposure this year in a falling market scenario, Mr S.S. Dash, Zonal Head of LIC, said here on Tuesday. The corporation’s income from sale of equity in 2007-08 was Rs 10,000 crore, he said.

Speaking at the launch of its unit-linked endowment policy Market Plus-1, Mr Dash said, “LIC is inherently a long-time investor and we would utilise the opportunity in a falling market to park our assets in equity at cheaper rates, while sticking to IRDA guidelines.” Incidentally, LIC had recently increased its stake in Reliance Industries, HDFC Bank, ITC and Tata Steel. Read more