LIC Infrastructure Bonds 2011

lic infrastructure bondsLife Insurance Corporation of India (LIC of India) is about to launch its much awaited Infra bonds. LIC is allowed to issue infra bonds worth 25% of its last years investment. LIC is expected to generate Rs.5000 crores from the infrastructure bonds. Earlier LIC has given hint that they will be launching infra bonds by end of 2010 but it seems they wont be able to launch it until January 2011. According to sources LIC is waiting on IRDA for clarification of guidelines since LIC is a Life Insurance company and not infrastructure company.

LIC’s infra bonds will give tax benefits to investors up to Rs 20,000 under section 80CCF. This limit is over and above Rs 1 lakh limit under different sections of Income Tax Act. This tax benefit is available with any infrastructure bond from any other company as well.

Generally, any LIC policy is backed by government but infra bonds may or may not be backed by government since the amount is huge. This will be clear when the IRDA gives the green signal to LIC and LIC announce the infra bonds.

Hopefully, LIC will launch the bonds as a new year gift to all investors who want to save and invest as the same time.


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29 Responses to “LIC Infrastructure Bonds 2011”

  1. latha says:

    would like to know exactly when lic will issue infrastructure bonds

  2. Shashi says:

    Very good information thanks.

  3. bvh says:

    Hello,
    When is the LIC’s Infrastructure bonds be available to public for investment; any idea?
    Thanks.

  4. Bindu says:

    Are these bonds will be available before March 2011. If so please publish the rate of interest per year.

  5. Manisha says:

    Hi Pinky,

    What are the proposed interest rates, plans and term period then? Any idea?
    I mean, LIC must have decided/planned all these things and so waiting for IRDA to approve.
    Could u please share the info so that if we find LIC infrastrure bonds better than other infrastructure bonds then probably we can wait for sometime.

    Thanks,
    Manisha

  6. ABHIJIT NANDI says:

    SEND ME DETAILS

  7. Kausik Banerjee says:

    I would like to get the update regarding Infrastructure Bond.

  8. nana wagh says:

    Kindly inform me about launching & closing dates of LIC Infrastructure Bonds 2011

  9. Ramesh says:

    Sir/Madam,
    Please let me about LIC infrastrure bonds

  10. Bansal says:

    please let me know interest rate structure and expected date of issue of bonds proposed to be issued by LIC.

  11. Anil Gogia says:

    Please let me know as to when LIC will launch Infrastructure Bonds for the year 2011?

  12. M.ATUL R. says:

    Pl. intimate me as soon as LIC launches its “NEW INFRASTRUCTURE BONDS” ?

  13. M.ATUL R. says:

    When new LIC Infrastructure bonds are opening ?

  14. M Ayub, AM/AAI says:

    Kindly inform me about launching & closing dates of LIC Infrastructure Bonds 2011

    M Ayub

  15. Shirish Chourasia says:

    NOBODY KNOWS ISSUE PERIOD? WHEN IT WILL START? EVERYBODY IS WAITING EAGERLY BEING APPROACHING FOR LAST DATE OF SUBMISSION OF IT PROOFS

  16. Ompal Yadav says:

    Please update when are the issuing the Bond.

  17. S.MALATHY says:

    WHEN WILL LIC ISSUE INFRASTRUCTURE BONDS. PLEASE INFORM ME

  18. vijayan says:

    Has they got sanction from IRDA for the issue of infrastructure bonds If Yes, has the issue open, and cosed

  19. Janakiram says:

    LIC will not be able to launch Infrastructure bonds until May 2011. Have a look at official statement from LIC Chairman : http://www.indianexpress.com/news/Briefly-Business/746364

  20. juber says:

    please give me details of lic infra bond. with open & closes date

  21. Rishiraj says:

    L & T infra bonds available for tax deduction u/s 80ccf .

    For details and subscription in Pune kindly contact on 9762847432

  22. Ramendra says:

    I want to know that when the infra Bonds will be avilable

  23. Rana Arjunsinh says:

    Dear Sir

    I am intrested to perchesh new latest infrastructure bond, so pl whne issue new infrastructure bond i request to you inform to me,

  24. Veeresh M S says:

    what is the process to purchase the infrastructure bonds and when they are issued

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