EXCLUSIVE: LIC’s equity investment in FY20 likely to reach above Rs 70,000 cr, an all-time high

Life Insurance Corporation of India (LIC) is likely to end FY20 with an all-time high equity investment (gross) of around up to 72,000 crore, an all-time high, sources said. In FY19, LIC invested around Rs 68,620 crore into the equity market. “We have already crossed Rs 33,000 crore and the second half of the year is expected to be robust considering the new business premiums have also seen a high growth,” said an official. While the year-on-year (YoY) growth will be 3.5 percent, LIC’s equity investments hold significance because it is…

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Strokes are linked to dementia, increases risk of the brain disease by 70%

People who have suffered a stroke are more likely to develop dementia, a study conducted by the University of Exeter Medical School confirmed. The study involved an analysis of 3.2 million people across the world. Researchers found that the link between stroke and dementia persisted even after taking into account other dementia risk factors such as blood pressure, diabetes and cardiovascular disease. “We found that a history of stroke increases dementia risk by around 70%, and recent strokes more than doubled the risk. Given how common both stroke and dementia are, this strong…

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70 mn Indian women consume smokeless tobacco, many to kill hunger

70 mn Indian women consume smokeless tobacco, many to kill hunger A whopping 70 million Indian women above age 15 use smokeless tobacco (SLT), which alone constitutes 63 per cent of the world’s SLT consumption, according to a Union Health Ministry report on SLT. The first-ever comprehensive report by the ministry, launched at the ongoing World Health Organization’s (WHO) Framework Convention on Tobacco Control (FCTC) here, also stated that one factor influencing SLT use among disadvantaged women is the desire to suppress hunger while performing difficult and laborious tasks. “Easy…

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