Winning Bizness Desk

Mumbai. Anyone can be surprised to know that LIC is the largest financial institution in the country. As of March 2023, LIC has assets of Rs 45.7 lakh crore, while the country's total insurance industry is around Rs 60 lakh crore. But, there was a lot of ruckus on the report of Hindenburg Research that LIC has also invested a lot of money in the shares of Adani Group and that money is used to earn the car of the common people. Then most of the people of the country came to know that the country's largest insurance company LIC earns huge money by investing in the stock market as well. Many common people of the country do not know about this and invest in its various schemes. Interestingly, the country's private sector 23 life insurance companies on one side and LIC alone on the other side, even then LIC will have the upper hand. Along with this, LIC is also a profitable unit in which the government now has more than 90 percent shareholding. It has been more than a year since the government had brought its IPO. After which the share of the Government of India was marginally reduced.

Rs 45 lakh crore in non-linked policies

Most of the investments in LIC's assets of more than Rs 45 lakh crore are in non-linked policies of LIC. It has invested more than Rs 20 lakh crore in government securities. Investing in government securities is always safe because you can trust the government completely and your money will never sink. For this reason, LIC has technically invested most of its investment in the safest option like G-Sec.

10 lakh crore portfolio in the stock market

On the other hand, the biggest company of the country has spread its wings in the stock market as well. According to a report in May 2023, the company has a portfolio of more than Rs 10 lakh crore in the stock market. No other financial firm has such a large portfolio individually. According to the May 2023 report, Reliance Industries, the largest company by market cap, has the highest share in LIC's portfolio, whose value is more than one lakh crore rupees. Apart from this, LIC has invested huge amount of money in companies which are directly struggling or on the verge of bankruptcy. DHFL, Reliance Capital, Yes Bank, Reliance Home Finance, IL&FS and Jaypee Infratech are some of the companies which failed before returning the money to LIC and could not repay the money.