Domestic insurer to pump in huge funds in the marketWith the domestic insurers plans to pump in huge funds into the market, leaving away the foreign investment.
Apnainsurance.com Research Bureau
12 May 2008
The Indian stock market can expect a huge in flow of funds from the Indian insurance industry. It is being estimated that around 40 domestic insurers will increase their equity exposure to around Rs. 70,000 cores up 10-15 per cent in the current fiscal.
Life Insurance Corporation (LIC) known to be the largest and most influential capital market institutions has kept aside, a fund of Rs. 33, 000 crore which is estimated to be more than last fiscal by 10 per cent.
Funds for investment are expected to come from unit-linked-plans (ULIP) which accounts for almost 80 per cent of the life insurance premium collected in India.