Life insurance cos to inject mega bucks into mkts

With the Insurance Regulatory Development Authority (Irda) having given jurisdiction over Ulips (unit-linked insurance plans), it could be business as usual once again for India s life insurers. Already big investors in the country s stock markets, life insurance companies could, in the next few years, emerge as a strong counterbalance to foreign institutional investors (FIIs) who have for a long period of time held sway over the stock markets. Life Insurance Corporation (LIC) will clearly lead the way. In 2009-10, LIC invested a gross Rs 61,000 crore in the Indian stock markets. The net amount invested is estimated at around Rs ...

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