LIC asset base bigger than Pakistan GDP

[Andhadhun]

LIC asset base bigger than Pakistan GDP

New Delhi: LIC assets at $463 billion exceed the GDP of several economies, and it is ranked 5th largest globally in terms of life insurance GWP and 10th globally in terms of total assets. LIC assets are 1.1 times more than the entire Indian MF industry i.e. Rs31.4 trillion (till March 31, 2021). LIC's asset value is higher than countries like Somalia, Mozambique, South Sudan, Burundi, etc.

It may be recalled that last fiscal, Pakistan's GDP was $280bn, Bangladesh's $350bn and Sri Lanka's GDP was $81bn.

For instance, debt of Evergrande alone, leading property developer in China, is $310 billion.

LIC's assets are 16.3 times the AUM of the second largest private insurer in India, i.e. SBI Life. four per cent of total NSE market capitalization (mcap) is held by LIC.

LIC is the largest asset manager in India with Rs36.7 trillion AUM. LIC's assets under management (AUM) on a standalone basis were equal to 18 per cent of India's GDP for FY21.


LIC is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets (comparing LIC's assets as on March 31, 2021, with other life insurers' assets as on December 31, 2020).

LIC is the largest asset manager in India as on March 31, 2021, with AUM (comprising policyholders' investment, shareholders' investment and assets held to cover linked liabilities) of approximately Rs 36.7 trillion on a standalone basis.

LIC's investment in equities in India as on September 30, 2021 represented 7.62 per cent of the outstanding (non-promoter market cap in India). As on September 30, 2021, LIC's individual products portfolio in India comprised 32 individual products and seven individual riders / and it's group product portfolio in India comprised 10 group products, which included one group micro insurance products.

In Fiscal 2019, Fiscal 2020, Fiscal 2021 and the six months ended September 30, 2021 -- our individual agents were responsible for sourcing 95.81 per cent, 94.74 per cent, 93.80 per cent and 96.82 per cent of LIC's NBP for its products on standalone basis, respectively. For Fiscal 2021, LIC issued approximately 21 million individual policies, representing a 74.6 per cent market share in new individual policy issuances.

For Fiscal 2021, LIC's market share in the Indian Life Insurance Industry was 66.2 per cent based on NBP, and its NBP was 1.96 times the total private life insurance sector and 8.9 times the NBP for the second largest player in the Indian Life Insurance Industry.

Breathing Life Into Insurance Business

♦ LIC is the largest asset manager in India

♦ Its AUM is at Rs36.7 trillion

♦ Holds 64.1% market share in Gross Written Premium (GWP)

♦ Commands a market share of 66.2% in New Business Premium (NBP)

♦ LIC ranked 5th globally in life insurance GWP

♦ Ranked 10th globally in terms of total assets

 

[313ghazi]

Pakistan - living rent free in sanghi heads since 1947.

Meanwhile in India - watch where you step, open defication is national practice.

 

[Black Tornado]

LIC asset base bigger than Pakistan GDP

New Delhi: LIC assets at $463 billion exceed the GDP of several economies, and it is ranked 5th largest globally in terms of life insurance GWP and 10th globally in terms of total assets. LIC assets are 1.1 times more than the entire Indian MF industry i.e. Rs31.4 trillion (till March 31, 2021). LIC's asset value is higher than countries like Somalia, Mozambique, South Sudan, Burundi, etc.

It may be recalled that last fiscal, Pakistan's GDP was $280bn, Bangladesh's $350bn and Sri Lanka's GDP was $81bn.

For instance, debt of Evergrande alone, leading property developer in China, is $310 billion.

LIC's assets are 16.3 times the AUM of the second largest private insurer in India, i.e. SBI Life. four per cent of total NSE market capitalization (mcap) is held by LIC.

LIC is the largest asset manager in India with Rs36.7 trillion AUM. LIC's assets under management (AUM) on a standalone basis were equal to 18 per cent of India's GDP for FY21.


LIC is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets (comparing LIC's assets as on March 31, 2021, with other life insurers' assets as on December 31, 2020).

LIC is the largest asset manager in India as on March 31, 2021, with AUM (comprising policyholders' investment, shareholders' investment and assets held to cover linked liabilities) of approximately Rs 36.7 trillion on a standalone basis.

LIC's investment in equities in India as on September 30, 2021 represented 7.62 per cent of the outstanding (non-promoter market cap in India). As on September 30, 2021, LIC's individual products portfolio in India comprised 32 individual products and seven individual riders / and it's group product portfolio in India comprised 10 group products, which included one group micro insurance products.

In Fiscal 2019, Fiscal 2020, Fiscal 2021 and the six months ended September 30, 2021 -- our individual agents were responsible for sourcing 95.81 per cent, 94.74 per cent, 93.80 per cent and 96.82 per cent of LIC's NBP for its products on standalone basis, respectively. For Fiscal 2021, LIC issued approximately 21 million individual policies, representing a 74.6 per cent market share in new individual policy issuances.

For Fiscal 2021, LIC's market share in the Indian Life Insurance Industry was 66.2 per cent based on NBP, and its NBP was 1.96 times the total private life insurance sector and 8.9 times the NBP for the second largest player in the Indian Life Insurance Industry.

Breathing Life Into Insurance Business

♦ LIC is the largest asset manager in India

♦ Its AUM is at Rs36.7 trillion

♦ Holds 64.1% market share in Gross Written Premium (GWP)

♦ Commands a market share of 66.2% in New Business Premium (NBP)

♦ LIC ranked 5th globally in life insurance GWP

♦ Ranked 10th globally in terms of total assets

Dude its stupid to say this, tbh. Blackstone manages $10 Trillion+ in assets which is more than India, UK, France and Germany GDP combined. Asset/Wealth is not compareable to GDP in any form.

 

[Maula Jatt]

I thaught he'd be satisfied after posting literally dozens of photos day in day out about shinning India in his thread (go though it, he has the energy of a bot- literally a 24 hour thing for multiple days )
https://defence.pk/pdf/threads/incredible-india-tourism-places.351882/page-305#post-13521550

India Developing, but still a long way to go

Kohima, Nagaland Before and After,

defence.pk

Apparently not, that wasn't enough

 

[Andhadhun]

Dude its stupid to say this, tbh. Blackstone manages $10 Trillion+ in assets which is more than India, UK, France and Germany GDP combined. Asset/Wealth is not compareable to GDP in any form.

Its pretty stupid of you to tell me this since I did not write that article , nor did I publish it.

You have a problem ? to complain to the editor of 'The Hans India'.

 

[TheSolution]

For instance, debt of Evergrande alone, leading property developer in China, is $310 billion.

Sanghi is really gasping for attention here, meanwhile China added India's entire GDP to it's yearly increase

 

[Andhadhun]

I thaught he'd be satisfied after posting literally dozens of photos day in day out about shinning India in his thread (go though it, he had the energy of a bot- literally a 24 hour thing )
https://defence.pk/pdf/threads/incredible-india-tourism-places.351882/page-305#post-13521550

India Developing, but still a long way to go

Kohima, Nagaland Before and After,

defence.pk

Apparently not, that wasn't enough

Are you stalking me ?

Sanghi is really gasping for attention here, meanwhile China added India's entire GDP to it's yearly increase

India real GDP is 10.2 Trillion $.

GDP measured in USD is called "nominal" for a reason. Its not real.

 

[TheSolution]

India real GDP is 10.2 Trillion $.

GDP measured in USD is called "nominal" for a reason. Its not real.

Of course bro, and India is also the world's leading superpower, keep it up

 

[Black Tornado]

Of course bro, and India is also the world's leading superpower, keep it up

No janaab, that title is reserved for Watan-e-aziz due to CPEC.

 

[That Guy]

Pakistan real GDP is likely somewhere around $400 to $600 billion, if you update the base GDP and add in the informal economy.

 

[mig25]

How does it matter? Pakistan has better economic conditions than India.

 

[Wood]

GDP is yearly figure -- comparing asset to GDP is illogical to say the least

 

[Andhadhun]

Of course bro, and India is also the world's leading superpower, keep it up

Well Its certainly bigger than UK, both in Nominal and Real.

GDP is yearly figure -- comparing asset to GDP is illogical to say the least

Asset value is also a yearly figure.

GDP is just the total worth of all the products and services of the country, Asset too is just that. The Value of all the products and services of the companies held by the management company.

 

[Wood]

Asset value is also a yearly figure.

GDP is just the total worth of all the products and services of the country, Asset too is just that. The Value of all the products and services of the companies held by the management company.

Asset is accumulated wealth. I'm not sure why this comparison is made and why it matters

 

[Andhadhun]

Pakistan real GDP is likely somewhere around $400 to $600 billion, if you update the base GDP and add in the informal economy.

Not really. Even informal economy needs to purchase goods like petrol, electricity and services so all of that gets accounted for under the GDP.

Just because they don't pay taxes, it does not mean they are not accounted for in the calculations.

Asset is accumulated wealth. I'm not sure why this comparison is made and why it matters

That wealth is in the form of company stocks which in turn is valued based on its products and services in the market place. Not really that different.