New Delhi, Aug. 5 -- The Life Insurance Corporation of India (LIC) policyholders and associated stakeholders often seek details on how their premiums are invested and managed, especially regarding equity market investments in listed businesses.

Amid the ongoing debate surrounding the LIC's Offer for Sale (OFS), Minister of State for Finance Pankaj Chaudhary, on Monday, 3 August, shared details about how the insurer invested policyholders' funds in shares of listed private companies over the last five years.

In a written reply to multiple queries raised by Lok Sabha Member of Parliament Rajeev Rai, Chaudhary explained that LIC's exposure to listed companies changed based on investment assessments, internal frameworks and the future outlo...