Yes LIC being huge in size, earns a phenomenal amount of profit in stock market and the profit earned by Life corpn of India in past 7 months is as quoted below:
The country's largest insurer, Life Insurance Corporation, earned Rs 6,542.72 crore profit from investments in stock market in the first seven months of the current fiscal. LIC had invested Rs 21,294.80 crore in the equity market during April-October period of 2011, Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha. In FY11, LIC invested Rs 43,213.60 crore in stocks against Rs 61,398.13 crore in FY10.
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