LIC’s asset base goes past Rs 38 lakh crore in fiscal 2021
MUMBAI: Life Insurance Corporation of India has said that its asset base has crossed Rs 38 lakh crore with total investments of Rs 36,76,170 crore and a life fund of Rs 34,36,686 crore as of March 2021.
According to its balance sheet for the previous fiscal ended March 2020, the corporation’s total assets stood at just under Rs 32 lakh crore, total investments at Rs 30.7 lakh crore and its life fund at Rs 31.1lakh crore.
LIC shared its balance sheet numbers ahead of its foundation day on September 1, which marks its 66th anniversary. The balance sheet numbers provide some insights into the value of the IPO-bound corporation. However, a clear indication will be available only after it reveals the embedded value of its business.
Date: 01/09/2021/ Source: Times of India