More than Pakistan, Nepal, Sri Lanka combined GDPs! LIC’s assets under management cross Rs 50 lakh crore mark


LIC’s assets under management surge! The assets under management (AUM) of Life Insurance Corporation of India (LIC), a state-owned insurance coverage large, have surpassed the Rs 50 lakh crore milestone, reaching Rs 51,21,887 crore ($616 billion) as of March-end.
This represents a major 16.48% year-on-year progress in comparison with the earlier fiscal 12 months’s determine of Rs 43,97,205 crore.To put this in perspective, LIC’s AUM is now nearly twice the dimensions of Pakistan’s GDP, which stands at roughly $338.24 billion, in accordance with IMF information quoted in an ET evaluation.
Moreover, LIC’s fund measurement, which has been counseled by Prime Minister Narendra Modi within the Parliament, surpasses the combined GDPs of three neighboring nations: Pakistan ($338 billion), Nepal ($44.18 billion), and Sri Lanka ($74.85 billion)!
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Even as India is poised to grow to be an financial superpower amidst the looming world monetary challenges, Pakistan, burdened by debt, has been grappling with monetary difficulties and narrowly averted a sovereign debt default within the earlier month.
The IMF has raised severe considerations concerning Pakistan’s capability to service its money owed, cautioning that heightened political uncertainty and the resurgence of social tensions may undermine the nation’s financial stabilization efforts.
The IMF initiatives that Pakistan would require gross financing of $123 billion over the subsequent 5 years, with the nation anticipated to hunt $21 billion in fiscal 12 months 2024-25, $23 billion in 2025-26, $22 billion in 2026-27, $29 billion in 2027-28, and $28 billion in 2028-29.
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In the fiscal 12 months 2024, the Life Insurance Corporation of India reported a revenue of Rs 40,676 crore and a complete premium earnings of Rs 4,75,070 crore. The firm additionally allotted a bonus of Rs 52,955.87 crore to collaborating policyholders through the monetary 12 months.
LIC at present holds a market share of practically 59% within the Indian life insurance coverage trade and is exploring alternatives to enter the medical health insurance sector. The firm is actively assessing potential acquisition prospects to facilitate this enlargement.
On the inventory exchanges, LIC ranks because the seventh largest firm by market capitalization, with a current valuation of Rs 6.46 lakh crore. The firm’s shares have skilled a major progress of practically 52% over the previous 6 months.
The Indian authorities, by means of the President of India, holds a 96.5% stake in LIC. The Securities and Exchange Board of India (Sebi) has prolonged the timeline for LIC to realize a ten% public shareholding till May 2027 and a 25% public holding by 2032, successfully eradicating the overhang of an Offer for Sale (OFS) on the inventory.

Nilesh Desai
Nilesh Desai
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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