In an exclusive interview to NDTV Profit's Vijay Iyer, D.K. Mehrotra, chairman, Life Insurance Corporation of India (LIC) talks about LIC's targets for investments in the equity market this coming year and what sectors are looking attractive to the insurance giant.
Below is the transcript. Watch the full interview here.
Q: We have completed the first quarter of FY13. Has this been one of the toughest years even for an established player like LIC?
A:Q: Last year the target set to cross was Rs 2,00,000 crore premium mark. What was the final figure and how do you look at this fiscal now?A: Q: Any internal targets that you have set up?A:Q: So, the growth will be in double digits?A:Q: It is the premium collection which decides how much you are planning to investment options like debt, equity, etc. Last year, you pumped around Rs 45,000 crore in the equity. How are you looking at your investments this year?A:Q: So, the equity market investment will remain in that Rs 45,000 crore range?A: Q: Since the investment has come down in the last couple of years from Rs 60,000 crore to Rs 45,000 crore, is this because of the investment cap you have got as per the IRDA guidelines? Is that a hindrance?AEssential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
