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The total investments of Life Insurance Corporation of India (LIC) at the end of FY15 jumped 18 per cent to ₹19.46 lakh crore from ₹16.48 lakh crore at the end of the previous year.
According to LIC’s annual report for 2014-15, the country’s largest insurer had ₹19.43 lakh crore worth of investments in India and ₹3,042 crore abroad.
“The performance of the investments was satisfactory during 2014-15. In respect of non-linked business, the Corporation earned ₹1,14,389.72 crore as interest and ₹6,314.13 crore as dividend, returning a yield of 8.39 per cent for the year,” said LIC in its annual report.
Another ₹18,949.44 crore was realised as net profit from the sale of equities, government securities and other securities (including amortisation). In respect of linked business, LIC earned ₹4,195.77 crore as interest and ₹983 crore as dividend for the year.
The overall yield on investments grew 8.22 per cent in FY15 as against 8.08 per cent in FY14.
Good gainsLIC Chairman SK Roy recently said that in the previous year (FY15) when the capital markets rose, the Corporation made good gains by booking profits in its equity transactions.
In the current year, when the market has been down, the company has been a net buyer of equities, with investments crossing ₹53,000 crore as against ₹39,000 crore in the previous fiscal, he added.
In the current fiscal, the company also booked income on investments, which stood at about ₹10,000 crore. Investments in government securities crossed ₹1.5 lakh crore.
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