LIC to approach IRDA for Infra bonds

The country s largest insurer, Life Insurance Corporation, plans to approach sector regulator IRDA in the next 8-10 days to get approval for floating infrastructure bonds. We are getting ready to approach IRDA for approval for infrastructure bonds. We would be going to the regulator with proposal in the next 8-10 days, a senior LIC official said. The official, however, refused to disclose the size of bond issue that insurer is planning. LIC has a headroom to issue infrastructure bonds of Rs 5,000 crore this fiscal. Earlier this year, the government allowed LIC and a few other finance companies to issue ...

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