LIC Records Highest Ever Profit of Rs 37,000 Crore


Life Insurance Corporation of India (LIC) has recorded Rs 37,000 crore from share sale in 2020-21.It recorded as highest in its 65 years history, as the stock market reached record highs.

The latest profit is a 44.44 percent jump against it’s Rs 25,625 crore profit from stock sales in 2020.

LIC’s profits primarily come from the sale of shares in its large non-linked portfolio, which includes tradition life insurance policies.

However, during this fiscal year, India’s largest institutional investor purchased shares of Rs 94,000 crore, it’s also highest ever.


Knowledge Source:

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