(Lic), the biggest asset manager in India and also the largest bailout balance for the government, has reap it at a price realized with a 42,000 crore hospital from selling its equity investment in Fy22, Director of Implementing Raj Kumar said in the release of the press briefing press press quarterly.

LIC remains a pelawan investor in the market. The profits made in FY22 are 16.6 percent more than RS 36,000 crore profits made in FY21 by the insurance giant. Kumar said that 25 percent of LIC assets managed were in equity and the rest were in bonds and other instruments.

The results of life insurance in investment have declined for FY22, an indication that low interest rates may have reached the bond portfolio. In the fourth quarter, the result was 7.46 percent, not including profit that had not been realized, down from 8.02 percent. If the profit that has not been realized is included, the result is 9.39 percent, a sharp decline from 15.41 percent a year ago.

Our investment strategy is based on specified regulations and LIC laws. It is mandated that we invest 50 percent in G-SEC (government bonds), “said Kumar. Investment into state development loans with high yields has helped LIC to support investment returns, he added.

LIC reported the net profit of RS 4,043 Crore for FY22 full year which was 39 percent growth for FY21. Kumar clarified that the quarterly net profit rate was not entirely comparable to the appropriate period in the previous year given that the insurance company did not state the profit every quarter before being registered.

The LIP focus for FY23 is to increase the share of non-partial products in the portfolio to increase profitability, said Kumar. In FY22, only 29 percent of new businesses come from non-PAR products and only 7 percent of the policies sold are non-PAR. “Our growth drive is from non-PAR products in the future. In fact, we will only launch non-PAR products this year, “said Kumar. At present, LIC has 18 non-partial policies. Non-PAR policies are those who do not provide parts of insurance companies such as pure-term plans, and insurance products related to units (ulip). In total, LIC has more than 260 different policy products.

Furthermore, to encourage growth, insurance companies will be very dependent on bancassurance bonds in addition to unmatched agency networks.

Kumar stopped providing guidelines in the future numerical for FY23 even though he stressed that Lic focused on maintaining growth rates and produced returns for policyholders.

The LIC policy holder, many of them now investors are also through general stock offers, not many are fun now given a sharp erosion in the stock market. LIC shares fell more than 2 percent on Tuesday because quarterly performance failed to grow investors. With this, shares dropped 15 percent of the problem price of RS 949 per share.