The Life Insurance Corporation of India announces its plans to invest in equities and corporate bonds in the next four months. The corporation would invest Rs 11,000 crore in stocks and Rs 20,000 crore in non-convertible debentures. Rs 15,000 crore investment is also proposed in debt offerings by country's largest investment institution.

It would buy stocks worth Rs 12,000 crore from the secondary market in this fiscal. It would expand its presence in non-convertible debentures (NCDs) as well. The chairman of LIC, TS Vijayan said that various non-convertible debentures of the company are becoming popular among various corporate houses. Many corporate houses approached LIC for investment in NCDs as they are facing difficulty in accessing funds from the international market.

Executive director (operations) of LIC, N Mohan Raj said that its new scheme, Jeevan Aastha, is becoming popular. It gives surety of good returns and LIC has set a target to raise Rs 25,000 crore from it. Mr. Raj said, "Companies are taking the NCD route to raise resources. Highly rated, credit-worthy companies have raised resources by placing their NCDs with us. The coupon rate on the NCDs ranges between 11 and 13 per cent."