Life Insurance Corporation of India (LIC) is the largest investor in the Indian markets with a balance sheet size of Rs27.3 trillion. Photo: Ramesh Pathania/MintMumbai: Total premium income at Life Insurance Corp. of India (LIC) rose nearly 12% in the six months ended September to Rs1.48 trillion, the state-run insurer said on Tuesday. Total net income during the period rose 12.6% to Rs2.50 trillion. LIC is the largest investor in the Indian markets with a balance sheet size of Rs27.3 trillion, which has grown 14% from a year earlier. The state-owned life insurance firm purchased equities worth Rs39,224 crore in the first half of 2017-18, compared to Rs17,974 crore a year earlier.

Source: Mint December 05, 2017 21:00 UTC