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According to a presentation by LIC to Parliament standing committee on finance, total investment at the end of March 31, 2012 was Rs 13.49 lakh crore.
Investment in government securities, worth Rs 7.27 lakh crore, accounted for a major share in LIC’s investment. Housing and infrastructure investments stood at Rs 1.91 lakh crore. The rest included investment in the corporate sector and project loans.
Central government securities contributed Rs 4.77 lakh crore, followed by state government and other government-guaranteed marketable securities.
Among housing and infrastructure investments, LIC has maximum amount of investments in the power sector, contributing Rs 94,294 crore.
This was followed by housing with Rs 41,900 crore. Other areas in infrastructure included irrigation, road, port, bridges and telecom.
Recently, D K Mehrotra, LIC chairman, had said the state-run insurer planned to invest a total of Rs 2.4 lakh crore in bonds, equities and government securities in the current financial year. He expected LIC’s corpus to touch Rs 32 lakh crore by 2020.
In terms of performance of different channels, the LIC presentation showed that out of the first premium income, Rs 1,486 crore came from the chief life insurance adviser. Bancassurance and alternative channels contributed Rs 870.63 crore and direct marketing contributed Rs 218 crore.
LIC Investments (in Rs crore)
| Type of Investment | 31 March 2010 | 31 March 2011 | 31 March 2012 | 31 December 2012* |
| Housing & Infrastructure | 1,48,197 | 1,65,003 | 1,64,162 | 1,91,426 |
| GSec | 5,01,611 | 5,84,147 | 6,55,673 | 7,27,880 |
| SSec+Housing/Infra | 6,49,808 | 7,49,150 | 8,19,835 | 9,19,306 |
| Total (Including corporate sector ivestment & project loan) | 10,95,841 | 12,66,539 | 13,49,532 | 14,80,105 |
*Provisional
Source: LIC
