Mar 18, 2025 03:48 PM IST
LIC requests RBI to introduce 100-year govt bonds
Mumbai, Mar 18 (PTI) Life insurance coverage large LIC has requested the Reserve Financial institution to introduce long-term authorities bonds, together with 100-year paper as effectively, a prime official mentioned on Tuesday.
LIC has been very energetic within the G-sec (Authorities Safety) investments, the insurer’s MD and CEO Siddhartha Mohanty mentioned.(REUTERS)
Siddhartha Mohanty, Managing Director and Chief Government of LIC, mentioned the insurer sells entire life insurance policies, which want investments in long-term bonds.
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The RBI has been giving permission to 20-30 years bonds, and has additionally given a go-ahead for a 40-year bond, he added.
“I am also expecting 50-year, even 100-year bonds. Our people are discussing this from time to time with RBI, and they are also considering this,” Mohanty advised reporters on the sidelines of the GCA25 right here.
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Additional, he identified that whereas many nations challenge 100-year bonds within the world market, India has but to introduce such bonds attributable to restricted demand and low exercise within the secondary market.
Mohanty mentioned LIC has been very energetic within the G-sec (Authorities Safety) investments, and added that the insurer has been subscribing to over a fifth of the issuances.
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