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BRIEF-Life Insurance Corp of India exec expects 350 bln rupees in new business premium by end March
February 27, 2017 / 9:47 AM / in 9 months

BRIEF-Life Insurance Corp of India exec expects 350 bln rupees in new business premium by end March

Feb 27 (Reuters) -

* Life Insurance Corporation of India exec says expect 350 billion rupees in new business premium by end March

* LIC of India exec says investment in equities in 2016/17 subdued

* LIC of India exec says want to buy public sector stocks but not getting

* LIC of India exec says gross yield on investment was 8.18 percent in 2016/17

* LIC of India exec says total equity purchase for 2016/17 was 390 billion rupees

* LIC of India exec says profit in equity market so far this year stands at 160 billion rupees

* LIC of India exec says invested 1.83 trln rupees in government bonds and state development bonds until end Dec 2016 (Reporting By Suvashree Dey Choudhury and Devidutta Tripathy)

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