LIC goes slower on equities in FY17

Single premium segment boosts income to Rs 1.45 lakh crore

The country’s largest insurer, Life Insurance Corporation of India (LIC) — a dominant player in both debt and stock markets — has focused on booking profits from its equity investments in the April-December 2016 period.

While LIC reports detailed figures for the financial year, this was the first time that the public sector insurer declared key numbers for the April-December period. The public sector insurer said going forward it would disclose financial performance on a quarterly basis.

The public sector life insurer said its total equity purchases stood at Rs 39,000 crore for the nine months ending December 2016. In