Dear Friends,
LIC's very short term and maturity in 10 years
per month 10th year
Rs. 500 1.06 Lac (appx)
Rs. 1000 2.12 Lacs (appx)
Rs. 5000 10.60 Lacs (appx)
Save Rs.500 per month, get 1.06Lac approximately (with life coverage of RS.1.25Lacs) in 10th year. If you save Rs.5000 per month you will get 10.60Lacs approximately (with life coverage of RS.12Lacs) in 10th year, this is higher than bank and post office
for IT purpose also it will help you
LIC's very short term and maturity in 10 years
per month 10th year
Rs. 500 1.06 Lac (appx)
Rs. 1000 2.12 Lacs (appx)
Rs. 5000 10.60 Lacs (appx)
Save Rs.500 per month, get 1.06Lac approximately (with life coverage of RS.1.25Lacs) in 10th year. If you save Rs.5000 per month you will get 10.60Lacs approximately (with life coverage of RS.12Lacs) in 10th year, this is higher than bank and post office
for IT purpose also it will help you
PEOPLE'S MONEY FOR PEOPLE'S WELFARE
The Life Insurance Corporation of India has been a nation builder since its formation in 1956. True to the objective of nationalization, the LIC has mobilized the funds invested by the people in the life insurance for the benefit of the community at large.
The Corporation has deployed the funds to the best advantage of the policy holders as well as the returns to the policyholders are the main criteria of our investments.
The total funds, so invested for the benefit of the community at large accumulated to Rs.10,95,841.34 crore as on 31st March 2010. The investment of the Corporation's funds is governed by Section 27A of the Insurance Act, 1938, subsequent guidelines/instructions issued there under from time to time by the Government of India and the IRDA by way of regulations.
As per the prescribed investment pattern approved by IRDA, the controlled funds are invested as follows:
Not less than 50% is invested in Government securities or other approved securities.
Not exceeding 35% in approved investments & other investments.
Not less than 15% in housing & infrastructure.
INVESTMENT IN GOVT. & SOCIAL SECTOR
(Rs. in crore)
(Rs. in crore)
Type Of Investment
|
AS ON
| ||
31-03-2008
|
31-03-2009
|
31-03-2010
| |
01. Central Government securities
|
297943
|
318673
|
360319
|
02. State Government & other Govt.
Guaranteed Marketable Securities
|
89234
|
110697
|
141292
|
SUB TOTAL (A)
|
387177
|
429370
|
501611
|
03. Housing and Infrastructure Investment
| |||
(a) Housing
|
24325
|
34185
|
40232
|
(b) Power
|
41120
|
48090
|
77585
|
(c) Irrigation/Water supply & Sewerage
|
6649
|
6022
|
5241
|
(d) Roads, Ports, Bridges & Railways
|
1154
|
7218
|
8066
|
(e) Others (including Telecom)
|
8774
|
5274
|
17073
|
SUB TOTAL (B)
|
82022
|
100789
|
148197
|
TOTAL A+B
|
469199
|
530159
|
649808
|
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