In chat with Anil Singhvi, LIC MD Mukesh Gupta says company booked profit of Rs 21,000 cr between April-August, registered 21 % growth in new policies

As Sensex scripted history on Friday by scaling 60,000-mark for the first time ever, Zee Business Managing Editor Anil Singhvi on Friday spoke with Life Insurance Corporation (LIC) MD Mukesh Gupta and asked him about LIC's business, company's investment plans going forward, profits booked by the company this year and more.  

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Talking about the profit booked by the company, LIC MD said that the company has booked a profit of Rs 21,000 crore between April and August already. He said that it is likely that the LIC might go past its last year profit of Rs 35,000 crore.  

On plans to invest in equity market, Guta said that the company always has cash and is ready to invest as per the emerging situation. "I have previously also maintained that we are always in search of investment opportunities. We have enough cash at hand and we keep investing as suggested by our research team, based on valuations and fundamentals," said Gupta. 

ZEE BUSINESS EXCLUSIVE#LIC ने इस साल अप्रैल से अगस्त कितना मुनाफा बुक किया?

LIC की निवेश स्ट्रैटेजी क्या है?

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About premium and policies sale, LIC MD said, the awareness concerning insurance has grown among people in the past one-and-half years due to Covid 19 pandemic. " At 61 lakh policies, we have registered a growth of 21 per cent in new policies, while there is also nearly 9 per cent growth in renewal of policies. This is largely due to awareness among people about life insurance and health insurance. They want their risk cover to remain intact. This is also good for entire insurance industry and people in large. People have yet not started reaching out for these insurance policies, but they also don't say no on being approached by an insurance agent now," he concluded.