Wed Mar 19 01:04:17 UTC 2025: ## LIC Urges RBI to Issue Century-Long Government Bonds

**MUMBAI** – Life Insurance Corporation of India (LIC), the country’s largest insurer, is pushing the Reserve Bank of India (RBI) to introduce ultra-long-term government bonds, including 100-year securities. LIC Managing Director and Chief Executive Siddhartha Mohanty revealed this on Tuesday, stating the need stems from the insurer’s extensive portfolio of whole life policies, which require long-term, stable investments.

While the RBI has already approved bonds with maturities of up to 40 years, Mohanty expressed his expectation that 50-year and even 100-year bonds are within reach. He confirmed ongoing discussions with the RBI on this matter, indicating a receptive attitude from the central bank.

Mohanty acknowledged that the lack of a robust secondary market and limited demand currently hinder the introduction of century bonds in India, unlike many other global markets. However, he highlighted LIC’s significant role in the government securities market, consistently subscribing to over 20% of government bond issuances. This substantial investment underscores LIC’s commitment to supporting the government’s borrowing programs and its need for matching long-term liabilities with equally long-term assets.

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