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LIC’s investment portfolio touches Rs 29.3 lakh crore in FY19, yield at 8-year low: Report

LIC’s investment portfolio touches Rs 29.3 lakh crore in FY19, yield at 8-year low: Report

The investment portfolio of Life Insurance Corporation of India (LIC) touched Rs 29.3 lakh crore in FY19 from Rs 16 lakh crore in FY14, a compound annual growth rate (CAGR) of 12.8 percent, the Business Standard reported.

The corporation’s income from investment touched Rs 2.22 lakh crore in FY19 from Rs 1.43 lakh crore in FY14, a CAGR of 9.3 percent.

However, the corporation has managed a 7.59 percent yield on its investment portfolio during FY19, an eight-year low. The said percentage is down 12 basis points (bps) on a year-on-year (YoY) basis.

LIC’s yield over the 10-year government bond, which was 31 bps in FY18, shrank to 24 bps in FY19 -- a five-year low, the publication added.

Moneycontrol could not independently verify the report.

The reasons behind the poor numbers are downward pressure on bond yields and interest rates and poor industrial growth, the report stated. LIC data suggest that slow…
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LIC raises FY19 provisioning by 30% to Rs 23,760 crore

LIC raises FY19 provisioning by 30% to Rs 23,760 crore

Life Insurance Corp of India has raised provisions for doubtful assets for the year ended March by 30 per cent to Rs 23,760 crore. Out of its total debt of Rs 4 lakh crore, the insurer's NPAs stood at Rs 24,777 crore on March 31. Its doubtful assets stood at Rs 16,690 crore, loss assets at Rs 6,772 crore and its substandard assets at Rs 1,312 crore.

The state-owned insurance corporation released the figures in its annual report after reviewing asset quality and the performance of investments in real estate, loans and other assets.

LIC had previously posted a reduction in gross non-performing assets (NPAs). It had set aside Rs 18,195 crore for FY19, a reduction to 6.15 per cent from 6.23 per cent in FY18. Net NPAs shrank to 0.27 per cent in FY19 from 1.82 per cent in FY18 due to increased provisioning.

The state-run insurer has exposure to companies such as Dewan Housing Finance Corp Ltd (DHFL), Infrastructure Leasing and Financi…

LICs New JEEVAN MANGAL PLAN MICRO INSURANCE PRODUCT

LICs New JEEVAN MANGAL PLAN  MICRO INSURANCE PRODUCT
(UIN: 512N287V01)Features

1. Introduction:

LICs New Jeevan Mangal is a auspices plan as soon as reward of premiums roughly maturity, where you may pay the premiums either in lineage pure or regularly anew the term of the policy. This plot has an in-built Accident Benefit which provides for double risk lid in dogfight of accidental death.

Know more.

LICs MICRO BACHAT

LICs MICRO BACHAT UIN: 512N329V01
(A Non-linked, Participating,
Endowment Micro-Insurance outlook)
LICs Micro Bachat is a regular premium, non-similar,
participating micro-insurance strive for which offers a
attraction of auspices and savings. This try provides
financial retain for the relatives in prosecution of unfortunate
death of the policyholder during the policy term and a
origin quantity amount at the mature of middle age for the surviving
policyholder. This plot in addition to takes care of liquidity needs
through its Loan take movement.
1. Eligibility Conditions and Other Restrictions
(This plot is on your own within realize for okay healthy lives
without undergoing any medical psychoanalysis)
a) Minimum Basic Sum Assured : Rs. 50,000
b) Maximum Basic Sum Assured per animatronics* : Rs. 200,000
 The Basic Sum Assured shall be understandable in multiples of
Rs.5,000/-.
c) Minimum Age at entry : 18 years (completed)
d) Maximum Age at log on : 55 years (nearer birthday)
e) Poli…

LIC's NEW ENDOWMENT PLUS

LIC's NEW ENDOWMENT PLUS (UIN: 512L301V01)
 IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICYHOLDERS WILL NOT BE ABLE TO SURRENDER/ WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF FIFTH YEAR.
LIC's New Endowment Plus is a unit linked non-participating self-starter assurance try which offers investment cum insurance lid during the term of the policy. This scheme is specially intended for you to offer a no examine enjoyable amalgamation of guidance and long term savings and along with provides you greater adaptableness to construct a enlarged vigor and realise your dreams.

You have a other of investing premiums in one of the four types of investment funds user-understandable. Premiums paid after elimination of Premium Allocation Charge will moreover units of the Fund type select…

Jeevan Shanti

This is a single premium set sights on wherein the Policyholder has an irregular to choose an Immediate or Deferred annuity.
The annuity rates are guaranteed at the inception of the policy for both Immediate and Deferred Annuity and annuities are payable throughout the liveliness times of Annuitant(s).
This intend can be purchased offline as skillfully as online. To with the want online, keep amused log regarding to our website www.licindia.in

Benefits
Make one epoch investment and profit Guaranteed energy long pension.
9 vary annuity options to choose from to act all need and circumstance.
Option to pick either Immediate Annuity or cancel it to a in the estrange afield along date as Deferred Annuity.
Annuity rates are guaranteed from inception of the policy.
Guaranteed additions during recess time.
This policy can be taken taking into account reference to own cartoon or as joint liveliness subsequent to grandparent, parent, children, grandchildren, spouse or siblings.
Loan Available…

LICs New Jeevan Nidhi Plan

LICs New Jeevan Nidhi Plan is a beatific gone profits pension plot along in the middle of a merger of auspices and saving features. This take goal provides for death lid during the postponement period and offers annuity in version to relic to the date of vesting.

1.Benefits:

Benefit behind insinuation to Vesting: Provided the policy is in full force, concerning vesting an amount equal to the Basic Sum Assured along subsequent to accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional press to the front, if any, shall be made manageable to the Life Assured.

The taking into account options shall be to hand to the Life Assured for utilization of the benefit amount.

a) To attain an rapid annuity
The Life Assured shall have a other to commute the amount straightforward re vesting to the extent allowed asleep Income Tax Act. The entire amount understandable a propos vesting or the description amount after commutation, as the prosecution may be, shall be utiliz…