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LIC is a name which everyone knows from village to city. Some people buy the insurance plan of this company while many make good returns by investing money in its shares. The thing to think about is that when customers buy insurance from this company, what will it do with that money? Because after maturity, LIC also gives a big amount to its investors. It depends on the scheme how much money will be received on maturity. Let us understand where the money deposited in LIC goes?

this is where your money goes

According to a media report last year, the company has invested 67 percent of the total invested amount in bonds. About Rs 4.7 lakh crore has been invested in equity shares. Nearly Rs 1 lakh crore has also been invested in different investment properties. The remaining amount is invested in mutual funds, subsidiaries and other debt securities. The company sometimes also uses this money to buy stake in a company.

how big is the network

Life Insurance Corporation has more than one lakh employees. If we talk about agents, this number is beyond 13 lakhs, which is 55% of all insurance agents in India. If we talk about policies alone, there are policies worth around Rs 28-29 crore in the market under LIC Endowment, Term Insurance, Children, Pension, Micro Insurance. As of December 31, 2023, the market share of Life Insurance Corporation of India (LIC) is 58.9%, which was 65.4% a year ago.

This plan of LIC is giving indirect investment opportunity

LIC's Index Plus Unit Linked Plan is a personal life insurance plan based on a regular premium. As long as this plan remains operational, the investor also gets the opportunity of savings. Two options are available in its single investment scheme, which are Flexi Growth Fund and Flexi Smart Growth Fund. Your money invested in this goes indirectly into the market.