LIC of India’s assets under management (AUM) increased to Rs 38 trillion as of September 2021, compared with Rs 37 trillion as of March 2021, said sources in the know. Its AUM is almost 3x the AUM of all the private life insurers in the country and over 15x more than the AUM of the second largest life insurer, SBI Life, as of September 2021.
SBI Life’s AUM was approximately Rs 2.4 trillion as of September 2021, said sources. Also, as of September 2021, 61.67 per cent of LIC’s AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies, and 0.16 per cent in shareholder’s investment.
