LIC will fund projects of Indian Railways

Last Updated: Sep 16, 2015 | 339 Views
One of India’s most trusted brand, Life Insurance Corporation (LIC) of India will fund railway projects very soon. Indian Railways has proposed a list of around 200 projects to LIC which require funding. LIC is keen to finance commercially viable project, which would later generate revenue to repay the corporation’s funds.

LIC Chairman SK Roy said, “The LIC investment this fiscal would be less than the target of Rs 30,000 crore as originally planned. The investment plan is very much on track”. 

LIC just completed 59 years in the insurance sector. It is the oldest, largest and most profitable life insurance company in India.