People’s Money for People’s Welfare.
The Life Insurance Corporation of India has been a nation builder since its
formation n 1956. True to the objective of nationalization, the LIC has mobilized
the funds invested by the people in the life insurance for the benefit of the
community at large.
LIC has deployed the funds to the best advantage of the policy holders as well as
the community as the whole, true to the spirit of nationalization. National
priorities and obligation of reasonable returns to the policyholders are the main
criteria of their investments.
The total funds, so invested for the benefit of the community at large accumulated
to Rs. 815484 crore as on 31st March 2009. The Investment of the LIC’s funds is
governed by Section 27A of the Insurance Act, 1938 subsequent
guidelines/instructions issued thereunder by the Government of India from time to
time and the IRDA by way of regulations. As per the prescribed investment pattern
approved by IRDA, the controlled funds are invested as follows:
Not less than 50% is invested in Government securities or other approved
investments.
Not less than 15% is invested in infrastructural and social sector investments.
Not less than 35% in other investments, to be governed by exposure prudential
norms.
Amount in crores.
01. Central Government Securities 272498 297943 318673
02.
Govt. guaranteed marketable securities 64285 89234 110697
03. Housing & Infrastructure Investment
(a) Housing 22451 24325 34185
(b)) Power 37881 41120 48090
( c) Irrigation/Water Supply & Sewerage 7500 6649 6022
(d) Roads, Ports & Bridges 1516 1154 7218
( e) Others (including Railways) 4398 8774 5274
B 73746 82022 100789
Total A+B 410529 469199 530159
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