Life Insurance Corporation of India (LIC) has reduced its equity investment target for FY17 to Rs 50,000 crore from Rs 60,000 following adverse market conditions. Familiar with the life insurer's plans, due to lack of opportunities in a weak equity market, the insurer will invest the surplus money earned from premiums in fixed income papers instead of stocks. For more join us on http://www.ripplesadvisory.com/free-trial.php
Life Insurance Corporation of India (LIC) has reduced its equity investment target for FY17 to Rs 50,000 crore from Rs 60,000 following adverse market conditions. Familiar with the life insurer's plans, due to lack of opportunities in a weak equity market, the insurer will invest the surplus money earned from premiums in fixed income papers instead of stocks. For more join us on http://www.ripplesadvisory.com/free-trial.php
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