India's biggest insurer Life Insurance Corporation (LIC) has made gross investments of Rs 29,000 crore ($5.6 billion) in the equity markets so far in the current financial year, its chairman T.S. Vijayan said late on Monday, 16 March 2009.
The state-run insurer had put more than Rs 50,000 crore in government securities in the 2008/09 fiscal year that ends on 31 March.