The Life Insurance Corporation (LIC) of India is planning to introduce a new type of long-term bond, potentially lasting 50 to 100 years. If approved by the Reserve Bank of India (RBI), these bonds would allow investors to earn a significant payout many years after their initial investment. This concept was initially explored with a 40-year bond, but LIC is now considering a longer duration. The new bonds would provide an added benefit for investors who pass away before the bond matures, offering a higher payout to their family.
The exact details of the new bonds are still unclear, but they are expected to offer special benefits, including extra financial security for elderly policyholders. If approved, the long-term nature of these bonds could attract many investors seeking a safe and lasting investment option.
LIC is waiting for formal approval from the RBI, but company officials are hopeful that approval will come soon. If approved, the plan could mark a major turning point for the company and help LIC become an even stronger and more trusted financial institution in India. The new bonds could benefit thousands of customers and further solidify LIC’s reputation as a trusted name in India. As the company awaits approval, the potential impact of these long-term bonds on LIC’s growth is significant, and many investors are eagerly awaiting the outcome.