The market value of LIC’s investment has seen a growth of 8



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cheap nfl jerseys The insurer made a gross equity investment of Rs 68,621 crore during FY 2018 19 as per thereport.LIC Chairman MR Kumar did not comment on the listing plan when his response to the listing proposal was sought by the daily.Huge investment baseLIC has been operating with a capital base of just Rs 5 crore as mentioned in the LIC Act of 1956, while the minimum capital stipulated for a life or non life insurance company by IRDAI is Rs 100 crore.But the corporation is known to handle huge funds when compared to this small capital base. The market value of LIC’s investment has seen a growth of 8.61 percent year on year to Rs 28.74 lakh crore in FY19, against Rs 26.46 lakh crore in 2017 18. Moreover, the total assets of the corporation crossed the historic figure of Rs 30 lakh crore for the first time to Rs 31.11 lakh crore, a rise of 9.38 per cent.. cheap nfl jerseys

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