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The Centre has appointed S. B. Mainak, Executive Director, LIC, as Managing Director of the state-owned life insurance behemoth.
He will hold office from the date of assuming charge till February 29, 2016. Life Insurance Corporation (LIC) plans to invest nearly Rs 2.5 lakh crore in equities and bonds this fiscal.
Last fiscal, it had invested in aggregate close to Rs 2.25-lakh crore in bonds and equities. For the current fiscal, LIC expects a 15 per cent growth in first year premium income. This is against a contraction seen last fiscal.
srivats.kr@thehindu.co.in
Source: thehindubusinessline
He will hold office from the date of assuming charge till February 29, 2016. Life Insurance Corporation (LIC) plans to invest nearly Rs 2.5 lakh crore in equities and bonds this fiscal.
Last fiscal, it had invested in aggregate close to Rs 2.25-lakh crore in bonds and equities. For the current fiscal, LIC expects a 15 per cent growth in first year premium income. This is against a contraction seen last fiscal.
srivats.kr@thehindu.co.in
Source: thehindubusinessline
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