The gains translate to a 17% rise over the fiscal ended March 2021 just below the 19% year on year growth recorded by the Nifty50 index during the period. Managing director Raj Kumar said that the government controlled life insurer will match the profitability of its private sector counterparts in the next five years.source https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-makes-rs-42000-crore-equity-gains-in-fy22/articleshow/91917834.cms
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