Life Insurance Corporation of India (LIC) plans to invest Rs. 2 lakh crores across asset classes

The Life Insurance Corporation of India (LIC) plans invest Rs. 2 lakh crores across asset classes in 2010-11, according to media reports. In last fiscal year the LIC had invested Rs. 1.92 lakh crores. The LIC Chairman T. S. Vijayan briefed the media on Friday over this move.

Asset classes may be defnied in three types - equities (stocks), fixed-income (bonds) and cash equivalents (money market instruments).Considering the LIC may its investment strategy for the current fiscal. The LIC is the mjaor and biggest insurance company in India and a trusted name for the people of India. The Hindu reports that -"under the new guidelines, the lock-in period for ULIPs goes up to five years from three and all ULIPs had mortality and health cover, besides a slew of other measures".