Where India’s Largest Insurer LIC Invested Money In The June Quarter

Life Insurance Corporation of India, a public sector behemoth that the Narendra Modi administration wants to take public, invested more than Rs 2.8 lakh crore worth of policyholders’ money in the three months ended June. That’s over three times the Rs 82,267 crore in the preceding quarter. LIC invested Rs 3.98 lakh crore in the year ended March 2020.Just over 70% of the Rs 2.8 lakh crore was invested in government securities, central...