LIC Targets Higher Returns from Real Estate Investments
MUMBAI: Life Insurance Corporation (LIC) plans to enhance the yield on its real estate assets, valued at Rs 16,000 crore post-revaluation and over Rs 45,000 crore in market value. While officials noted that real estate generally provides a yield of 3-4%, capital gains remain significantly higher. Additionally, LIC has paused its plans to acquire a strategic stake in a health insurance company. During a press conference following the board meeting, MD & CEO R Doraiswamy stated that LIC will take a cautious approach towards its previous intention to enter the health insurance market, a plan initiated by his predecessor. “We…