According to a recent statement by Life Insurance Corporation of India (LIC) CEO and MD Siddhartha Mohanty, the organization is in discussions with the Reserve Bank of India (RBI) to introduce 50-year and 100-year bonds. This is an extension of the usual 20-30 year bond terms typically offered by the RBI, with the organization having already issued a 40-year bond in the past. In an interview at the 25th Global Conference of Actuaries in Mumbai, Mohanty shared that LIC is exploring this option as part of its strategy to fulfill long-term contractual obligations. The move is aimed at providing a more reliable source of funding for the organization’s long-term commitments. The development is part of the insurer’s efforts to strengthen its financial foundations and ensure that it can honor its obligations to policyholders and subscribers over an extended period.
The government is negotiating with the Reserve Bank of India to issue 50-year and 100-year government bonds.
