Image: LIC building at Nariman Point. Photograph: Danish Siddiqui/Reuters
The top 10 insurance companies hold more than Rs 4.56 lakh crore (Rs 4.56 trillion) in Indian equities.
Life Insurance Corporation of India (LIC) is the biggest investor in terms of value, and accounts for over 85 per cent of the assets under management by the top 10 players, reveal Prime Database numbers.
This translates into Rs 3.89 lakh crore worth holdings. In ITC, LIC has invested Rs 38,358.66 crore or Rs 383.58 billion, according to Capitaline data.
RIL and SBI account for Rs 26,602.98 crore or Rs 266 billion and Rs 25,783.39 crore or Rs 257.83 billion, respectively.
Its top 10 holdings accounted for Rs 2.02 lakh crore or (Rs 2.02 trillion).
