More importantly, it does not want to do any aggressive purchase of equities with the market being at its peak. LIC had invested Rs 29,000 crore in equities in the April-November period of the previous fiscal. In the previous fiscal, LIC had invested Rs. Total policy payouts of the company amounted to Rs 76,126 crore as compared to Rs 73,546 crore in the year-ago period. This is against Rs 35,643.75 crore and 73,22,250 claimants in the corresponding period in the year-ago period.

Source: dna December 06, 2017 02:08 UTC