Sathish Kumar M

Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 trillion in equities during the current financial year. During April-June FY25, the insurance behemoth made an investment of about Rs 38,000 crore in shares as against Rs 23,300 crore in the same period a year ago. LIC earned a profit of Rs 15,500 crore from its investments in equity markets during the first quarter. The profit from its investment was higher by 13.5 per cent quarter-on-quarter. "We are surely looking at the markets and price movements...we are looking to invest a good amount at least whatever we had invested in last financial year...LIC made an investment of around Rs 1.32 trillion in FY'24," he said. Market value of LIC's investment in stocks of various companies stood at around Rs 15 trillion at the end of June, he said. LIC has exposure in 282 companies through investment in their shares as of June 30, 2024. The Assets Under Management (AUM) increased to Rs 53,58,781 crore as at June-end as compared to Rs 46,11,067 crore at the end of same quarter previous year, registering an increase of 16.22 per cent. Total investment grew by Rs 7,30,662 crore, from Rs 42,44,852 crore in March 2023 to Rs 49,75,514 crore as on March 31, 2024. Total equity investment portfolio constitute Rs 12,39,740 crore as against Rs 8,39,662 crore in 2022-23, whereas other investments constitute Rs 37,35,774 crore as against Rs 34,05,190 crore in 2022-23.For June quarter 2024, LIC reported 10 per cent increase in net profit to Rs 10,461 crore as against Rs 9,544 crore in the year-ago period. Total income increased to Rs 2,10,910 crore during the latest June quarter as against Rs 1,88,749 crore in the year-ago period. Total premium income for the quarter increased 16 per cent to Rs 1,13,770 crore as compared to Rs 98,363 crore in the same quarter a year ago.

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Are you aware of the vital role that insurance and investment play in modern society? While saving for the future is a smart move, many people mistakenly believe that these two concepts are interchangeable. But the truth is, each person and family has unique needs and abilities when it comes to financial planning. Let's dig deeper and explore the differences between Insurance and Investment: ►Objective Insurance serves as a safety net, protecting individuals and families from the unexpected financial losses that could occur at any moment, whether it's loss of life, property damage, or health problems. Investment, on the other hand, aims to grow and generate returns on your money or assets that you have entrusted to a third party, with the promise of future profits. ✓ Results obtained With insurance, you are provided with protection and support during the coverage period. For instance, in life insurance, your loved ones will receive a pre-agreed sum of money, known as the Sum Insured, in case of any unfortunate events. For health insurance, you will be reimbursed for your medical expenses, including hospitalization costs. ►Investments, on the other hand, generate returns based on the performance and conditions of the investment. For example, when investing in foreign currency, gold, or stocks, the value of your money or assets will be influenced by the market price. Flexibility in benefits ✓ The benefits of insurance can only be accessed when the insured risk occurs. Meanwhile, with investments, you have the flexibility to withdraw your profits at any time, based on your personal preferences or needs. Now that you have a better understanding of Insurance and Investment, it's important to remember that insurance does not generate wealth like investments do. Its purpose is to protect and mitigate unforeseen risks. So, do you have the necessary insurance coverage in place? If you need help do let me know. #investment #insurance PS: This content is exclusively created and licensed to financial advisors using our fintello - One Stop AI Marketing for Financial Advisors platform (we have over 900 posts ready to use that have got over 1.8 Million Impressions and are growing on LinkedIn every single day; this means people like our content a lot more than standard advisor company-posted content). PPS: Visit www.fintello.com to learn more about how you can use our AI-powered next-generation platform exclusively built for financial advisors.

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High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨

High Net Worth Customer Base Elite-Planning Structure with Assured Returns in Wealth Planning system which ensures big Lumpsum Glory of Funds Generation in A Given Financial Time Period....An Effective E- Property Mark up is here for maximum Funds growth during its course of Action.....Stay Rise with Big Zeal , Surety & Abundance Life Long towards Family......✌️💰✨ Level Rising Up......