open an account
Span Margin
Refer A Friend
open an account

Life Insurance Corp of India raises 2018-19 provisioning by 30%

image MUMBAI: State-owned Life Insurance Corp of India (LIC) has raised provisions for doubtful assets by 30% to Rs 23,760 crore for the year ended March, it said in its just-released annual report. This came after reviewing asset quality and the performance of investments in real estate, loans and other assets, it said.

The country’s biggest life insurer has exposure to stressed entities such as Dewan Housin .......................ET

30-Dec-2019