LIC in talks with RBI to introduce 50-year and 100-year bonds
The Hindu
LIC in talks with RBI for 50-year and 100-year bonds to meet long-term obligations, CEO Siddhartha Mohanty confirms.
Life Insurance Corporation of India (LIC) is in talks with the Reserve Bank of India (RBI) for the introduction of 50-year and 100-year bonds, according to CEO and MD Siddhartha Mohanty.
“On long-term bonds, we were in discussion with the RBI, because normally they give 20-30 years bond. They have also given a 40-year bond. I am also expecting 50-year, even 100-year bonds.
“Our people are discussing this from time to time with RBI, and they are also considering this,” said Mr. Mohanty at the 25th Global Conference of Actuaries in Mumbai.
This is part of the insurers strategy to honour long-term contractual obligations, he added.
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