fjrigjwwe9r3SDArtiMast:ArtiCont
The answer is - Absolutely Safe and earning
much more for you.
How? Take a look.
Investments in high performing Stocks:
The Life Insurance Corporation, to multiply its investments
has entered the stock markets in a big way. It is investing Rs 400-500 crore
every month judiciously. And this financial year, it has invested more than
Rs 1,800 crore. Its equity investment accounts for 10 per cent of its total
investments.
As per figures from Asia Insurance Review, LIC invested an
aggregate Rs 245,387 crore (US$51.1 billion) while the private life insurers
invested a total of Rs 1,481 crore (US$308.76 million) in 2001-02 in various
investment revenues. Private insurers' investments include Rs 674 crore in Central
government securities and Rs 777 crore in state government and other guaranteed
securities.
Investment in Property:
The corporation gains five to six percent returns on its
property investments, which has a book value of around Rs 1,000 crore.
Other investment avenues:
The corporation has worked out a three-pronged strategy to
multiply its investments. Other than trading in short-term paper it will invest
in double-A (AA) rated corporate paper.
It may be noted that LIC marketed 2.32 crore policies last year with premium
income of Rs 14,844 crore. In other words a growth of 137 per cent. The total
revenue of LIC was to the tune of Rs 70,000 crore. The corporation handles about
12.5 crore policies every year.
Inspite of the entry of private insurers LIC was able to retain 98 per cent
of the expanded market share, while the combined performance of the private
companies was just two per cent.
