LIC in talks with RBI to introduce 100-year bond

Life Insurance Corporation of India (LIC) is in discussions with the Reserve Bank of India (RBI) to introduce ultra-long-term bonds, including 50-year and 100-year maturities, as part of its strategy to align investments with its long-term policy obligations, said CEO Siddhartha Mohanty.

This move comes after the RBI approved the issuance of 40-year bonds, meeting LIC’s earlier request for longer-dated instruments.

Mohanty, speaking on the sidelines at the Global Conference on Actuaries, said, "Since LIC deals with whole-life policies and other long-term commitments, we have requested the RBI for even longer tenures up to 100 years."