Good news for policyholders...Will LIC returns increase?

Life Insurance Corporation of India (LIC) is planning to improve returns from its real estate properties. The corporation is also considering setting up a dedicated subsidiary to manage its immovable assets more efficiently. The total value of LIC’s real estate holdings is estimated at around Rs 60,000 crore.

LIC CEO and MD R Doraiswamy said that the properties, acquired over the past 70 years along with inherited assets, are treated as strategic investments. These assets are being used for both operational requirements and to generate better returns for policyholders as well as shareholders.