Saturday, September 14, 2013

Govt to Allow LIC to Hold 20% in a Co

The government will soon allow Life Insurance Corporation of India to raise its single company exposure limit to 25% from the current 15%. Rajiv Takru, secretary, Department of Financial Services has said that they have settled for 20% (exposure in a single company), and in special cases it can go up to 25% after approval from the board.

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