Private sector's share in LIC's portfolio plunges to 16-year low

The private sector has a lower share in the portfolio of Life Insurance Corporation of India (LIC) now than at any point since 2003. It accounts for 14.9%  of the total investments, according to numbers analyzed from the Reserve Bank of India’s Handbook of Statistics on the Indian Economy. The LIC has been reportedly helped by a number of public sector divestments, as well as banks such as IDBI, which may have resulted in a shrinking pool available to the private sector. The overall investment in LIC stands at Rs 26.61 trillion. 

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