In a landmark announcement, Life Insurance Corporation (LIC), the insurance behemoth of the country, has decided to invest Rs.100 billion in the equities market. Predominantly, the corporation invests in the shares of blue-chip companies. Not at all perturbed by the bear phase that is being experienced by the market; LIC is also gearing up to launch two new insurance products this year. While one of these products would be a unit-linked scheme, the other would be a traditional product. Recently, to mark its golden jubilee year, LIC had started an exhibition on a train, Zindagi Express, that crossed 40 cities across the country. The exhibition was replete with interesting documents and models of historical significance.
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Source:- IIPM Editorial, 2006.
Editor:- Prof. Arindam Chaudhuri
For complete IIPM article click here
Source:- IIPM Editorial, 2006.
Editor:- Prof. Arindam Chaudhuri
