Business
LIC assets at $463 bn exceeds the GDP of several economies

LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.
Its assets are 1.1 times more than the entire Indian MF industry i.e. Rs 31.4 trillion (till March 31, 2021).
LIC’s assets are 16.3 times the AUM of the second largest private insurer in India, i.e. SBI Life. 4 per cent of total NSE market cap is held by LIC.
LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC’s AUM on a standalone basis was equal to 18 per cent of India’s GDP for FY21.
It has been providing life insurance in India for more than 65 years and is the largest life insurer in India in terms of Gross Written Premium (GWP) with a market share of 64.1 per cent, New Business Premium (NBP) with a market share of 66.2 per cent, number of individual policies issued with a market share of 74.6 per cent and number of group policies issue with a market share of 81.1 per cent for fiscal 2021.
LIC is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets (comparing LIC’s assets as on March 31, 2021 with other life insurers assets as on December 31, 2020).
LIC is the largest asset manager in India as on March 31, 2021, with AUM (comprising policyholders’ investment, shareholders’ investment and assets held to cover linked liabilities) of approximately Rs 36.7 trillion on a standalone basis.
LIC’s investment in equities in India as on September 30, 2021 represented 7.62 per cent of the outstanding (non-promoter market cap in India).
As on September 30, 2021, LIC’s individual products portfolio in India comprised 32 individual products and seven individual riders / and it’s group product portfolio in India comprised 10 group products, which included one group micro insurance products.
In Fiscal 2019, Fiscal 2020, Fiscal 2021 and the six months ended September 30, 2021 — our individual agents were responsible for sourcing 95.81 per cent, 94.74 per cent, 93.80 per cent and 96.82 per cent of LIC’s NBP for its products on standalone basis, respectively
For Fiscal 2021, LIC issued approximately 21 million individual policies, representing a 74.6 per cent market share in new individual policy issuances.
For Fiscal 2021, LIC’s market share in the Indian Life Insurance Industry was 66.2 per cent based on NBP, and its NBP was 1.96 times the total private life insurance sector and 8.9 times the NBP for the second largest player in the Indian Life Insurance Industry.
The NBP of the Indian Life Insurance is expected to grow at a CAGR of approximately 18 per cent from Fiscal 2021 to Fiscal 2026 for individual business as compared to a CAGR of 17 pc in group business over the same period.
CRISIL Research forecasts that the elderly population (aged 60 and above) in India will increase from 116.8 million in 2015 to 316.8 million in 2050 and the share of elderly in India’s population will almost double from 9 per cent in 2015 to 17 per cent in by 2050, which will result in an increase in demand for pension/annuity products.
Brand LIC was recognized as the third strongest and 10th most valuable global insurance brand in 2021, as per the “Insurance 100 2021 report” released by Brand Finance.
As per the report, the brand value of LIC in 2021 is US$8,655 million with a brand strength index (BSI) score of 84.1 in 2021 out of 100 with a corresponding AAA- brand strength rating.
The strength of brand LIC is further evidenced by it being recognized as WPP Brands second most valuable Indian Brand in 2019 and 2020.
National
BJP wants to grab land in every UP district, alleges Akhilesh Yadav

Lucknow, June 28: Samajwadi Party chief Akhilesh Yadav on Saturday launched a scathing attack on the BJP government in Uttar Pradesh, alleging that it was trying to usurp land in every district of the state.
Addressing a press conference, Yadav said the BJP was misusing bulldozers and government machinery, with the active support of party workers and the local administration, to forcibly acquire land.
He particularly pointed to Gorakhpur, the home turf of Chief Minister Yogi Adityanath, claiming irregularities in land registration there.
“The people of Gorakhpur should ask in whose name the maximum number of registries have been done,” Yadav said.
“If the truth about Gorakhpur comes out, the government will have to build a custody corridor there instead of passing on any inheritance. Compensation for land and houses is not being given fairly. The administration is pressuring locals into signing consent papers, using the police to instill fear, just so they don’t have to pay proper compensation,” Akhilesh Yadav alleged.
Accusing the government of cheating locals, he added, “People lost land in Ayodhya, came close to losing it in Banaras, and now Gorakhpur is next. It’s not just Gorakhpur’s land that’s being targeted — this mindset was also visible in Lucknow. Even their own advisor had to resign. I don’t know who he was colluding with — those he aligned with have now fled the country.”
Yadav also took aim at the RSS, criticising its demand to remove the words ‘Socialist’ and ‘Secular’ from the Preamble of the Constitution.
“Those who oppose the reservation don’t say it openly. Instead, they target the concepts of secularism and socialism. Their opposition to reservation is masked in these attacks,” he said.
Yadav accused the BJP and its ideological allies of trying to polarise voters. “They want to get votes by spreading hatred,” he alleged.
National
Need to educate youth so that Emergency is not repeated: Delhi CM Rekha Gupta

New Delhi, June 28: Delhi Chief Minister Rekha Gupta on Saturday recalled the murder of the Constitution during the Emergency imposed by former Prime Minister Indira Gandhi in 1975, highlighting the need for reminding youth about the dark chapter of democracy.
“Just as we stage Ramlila every year to tell youngsters that they should not become like demon king Ravana, this annual commemoration of the Emergency is needed to prevent the return of the dark chapter in future,” she said at a mock parliament organised by Mahila Morcha of Delhi BJP.
Highlighting the Emergency-related changes made in the Constitution, forced sterilisation, restriction on media and films, she said, “The Congress has only worked to retain power over the past 70 years. Even in the Shah Bano case, the then Congress government brought in a law to appease a community at the cost of the exploitation of women.”
She described Prime Minister Narendra Modi as “Guardian” of the nation, showcasing his vision to start women-friendly schemes, free cooking gas, toilets, tap water, nutrition scheme for women and the quashing of ‘Triple Talak’.
“It started with Beti Padhao, Beti Bachao and today it is Beti Badhao,” she said, underscoring the encouragement for women in the BJP to take up leadership roles.
“Today, when the country is giving a big role to women in decision-making and governance, we will also need to raise our ability to respond to the situation,” Rekha Gupta said, highlighting that a common worker of the BJP like her could become a Chief Minister.
“Who other than Sonia Gandhi is a prominent woman politician in the Congress?” she asked, urging women workers of the BJP to ensure that they play a significant role to oppose any other attempt being made to impose an Emergency like that by former PM Indira Gandhi.
In Delhi, when people want delivery of good service after 27 years of misrule in the city, we as women politicians must have the capability to understand the needs of people and deliver the goods, CM Gupta said.
Earlier, the Delhi BJP released a short video on its X handle as part of the Emergency 50 protest. The video carried the message: “Democracy wasn’t just paused. It was strangled and put behind bars, beneath fear and silence.”
The video titled ‘Emergency Never Again – June 25, 1975, The night democracy died’ shows a character, purportedly similar to late Prime Minister Indira Gandhi, walking away barefoot, leaving behind footprints on the ground that highlight the dark aspects of the Emergency.
As the character walks onto the screen, the ground highlights: “Constitution Torn, Democracy Strangled, Press Silenced, Voices Crushed, Opposition Arrested, Innocents Jailed, No Right to Life”.
Crime
Parents of Kolkata law college rape victim should be ready for long battle like us: RG Kar victim’s parents

Kolkata, June 28: In the midst of the outrage and politics over the rape of a woman in a Kolkata law college, the parents of the R.G. Kar Medical College and Hospital rape and murder victim stated on Saturday that the law student’s parents should also be ready to fight a protracted legal battle.
Their comments came days after a Kolkata-based law college student became a victim of rape within the college premises on June 25 evening.
They stated that the woman’s parents should also be ready for a long battle considering the influential backing enjoyed by the three accused in the case.
The mother of the junior doctor who became a victim of a ghastly rape and murder in August last year, expressed apprehension that like the case of her daughter, there might be attempts to protect the accused in the law college rape case also in the due course.
Hence, they feel that what is required now is a mass movement exactly in line with what happened after the heinous crime with their daughter.
“What is even more shocking is that even after the tragedy with my daughter, there was not enough initiative to ensure the safety of women within educational institutions where they study. The administration and ruling party are now trying to shy away from their responsibilities over the crime in the law college rape. It is natural. But the reality is that the influential backing that the accused persons enjoyed gave them the courage to conduct such a heinous crime within the college premises,” the R.G Kar victim’s mother said.
The father of the R.G. Kar victim said that he fears that like the case of his daughter, there might be attempts by influential people and even a section within the administration to protect the accused.
“So I also feel that the parents of the victim in the law college case should also be prepared for a long battle like us. They should understand that the administration will not do anything and they will have to fight their own battle as we have been doing. What the victim’s parents need now is the spontaneous public support which we have received,” he said.
All the three accused in the case, namely Monojit Mishra, Zaib Ahmed, and Pramit Mukhopadhyay were linked to Trinamool Congress’ students’ wing Trinamool Chhatra Parishad (TMCP).
Pictures of Mishra with different top and heavyweight Trinamool Congress leaders have already flooded social media. While Mishra is a former student of the same law college, the other two are existing students.
All three of them, on Friday, were remanded to police custody till July 1.
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