Around ₹9.74 trillion-representing 24.62%-are in state government securities. Around ₹14.8 trillion - representing 37.45% of its total investments – are in central government securities. The bulk of LIC’s investments are in central government and state government securities. Its investments in listed equity represented around 4% of the total market capitalization of NSE as of 30 September. LIC is the largest asset manager in India as of 30 September, with assets under management (AUM) of ₹39.55 trillion on a standalone basis, which was more than 3.3 times the total AUM of all private life insurers in India and more than 1.1 times the entire Indian mutual fund industry’s AUM. The DRHP says LIC is ranked fifth globally in terms of life insurance GWP (gross written premium) after German insurer Allianz SE, China’s Ping An Insurance and China Life Insurance and Italy’s Assicurazioni Generali S.p.A, and tenth globally in terms of total assets.
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