LIC paisalu safe ?

[yemdoing]

what say people ?

our family have few policies and we worried now.

[perugu_vada]

what happened ? 

[yemdoing]

Just now, perugu_vada said:

what happened ? 

LICs exposure to Adani company

[Truth_Holds]

State-owned insurance behemoth Life Insurance Corporation of India (LIC) on Monday clarified that its total exposure in Adani Group companies is less than 1% of its total assets under management (AUM) at book value

[matta_prabhu]

2 cr policy started uncles with 7cr return in next 25 yrs 

[hunkyfunky2]

13 minutes ago, Truth_Holds said:

State-owned insurance behemoth Life Insurance Corporation of India (LIC) on Monday clarified that its total exposure in Adani Group companies is less than 1% of its total assets under management (AUM) at book value

They are exposed, but it looked like they invested 7k crores which became 85k crores before it started going down. So  , they are still profit. But if they continue to invest now or Adani becomes zero , they will have bear loss.

 

[pakeer_saab]

19 minutes ago, yemdoing said:

what say people ?

our family have few policies and we worried now.

Dont believe all the $hit from the negative propaganda on Adani

if Adani goes down, Ambani goes down and entire stock market goes down too

this is a hit job against Adani and things will be clear in few months

[Tellugodu]

21 minutes ago, yemdoing said:

what say people ?

our family have few policies and we worried now.

State owned company ki default bayam enti bro, govt of Ind will back it if anything wrong happens. 

[nuvvu_naakina_paalem]

28 minutes ago, yemdoing said:

what say people ?

our family have few policies and we worried now.

paaye

[argadorn]

8 minutes ago, Tellugodu said:

State owned company ki default bayam enti bro, govt of Ind will back it if anything wrong happens. 

It will privatize just like air india antay ga 

[pichhipullayya]

34 minutes ago, yemdoing said:

what say people ?

our family have few policies and we worried now.

LIC money is well diversified.. they invested in lot of PSUs too, which dint perform and value went down.

LIC is too huge and as long as its diversified , it may lose some value but will never fail.

[JackSeal]

12 minutes ago, hunkyfunky2 said:

They are exposed, but it looked like they invested 7k crores which became 85k crores before it started going down. So  , they are still profit. But if they continue to invest now or Adani becomes zero , they will have bear loss.

 

Wrong … LIC invested 36k crores and market value dropped from 85k core to 56k crore last week.

[hunkyfunky2]

9 minutes ago, JackSeal said:

Wrong … LIC invested 36k crores and market value dropped from 85k core to 56k crore last week.

Okay , their initial 7k appreciated well, it looks like they continued to invest.

They can exit if it were any other firm, but these can't... Modi won't allow SBI and LIC to withdraw. 

 

[hydusguy]

1 year elections anni news apesi kurchondi

[hunkyfunky2]

4 minutes ago, hydusguy said:

1 year elections anni news apesi kurchondi

There is very little float and if modi can get SBI and LIC to continue to buy + some FII ( quid pro ) to invest , then Adani will never be down to zero.

I think most of their stocks will be down to 30% of highs and stop there