Life Insurance Corporation of India (LICI) Fiji has achieved a significant milestone by surpassing the $100 million mark in its overall investments for the first time. In 2025 alone, LICI Fiji reported a record investment of $130 million, marking the highest annual investment in the company’s history.
Vivek Prakash, the Finance and Investment Manager at LICI Fiji, revealed that out of the $130 million invested this year, more than $70 million was fresh capital, while the remaining funds were drawn from previous investments. During a press briefing in Suva, Mr. Prakash emphasized the company’s operational efficiency and cost-effectiveness as key factors contributing to this outstanding performance. He expressed optimism about closing the current financial year with an anticipated growth of approximately 20% in new business.
A significant portion of this year’s investment, totaling $126 million, was allocated to Fiji Infrastructure Bonds (FIBs), showcasing LICI’s commitment as a partner in the development of the Fijian economy. Additionally, the company invested $4 million in Fiji Development Bank (FDB) bonds, highlighting its strategic focus on strengthening local financial resources.
Mr. Prakash expressed a determination to surpass this milestone in future years, underscoring that the $130 million investment represents the largest investment the company has ever made in a single year. He also noted that a substantial 95% of the surplus generated will be returned to policyholders, with just 5% allocated for shareholders. Last year, LICI announced a bonus of $26 million for its policyholders, reflecting its consistent history of delivering bonuses, which is indicative of strong financial health, prudent investments, and effective management.
Currently, LICI Fiji serves around 61,000 policyholders who are actively making premium payments, reinforcing the company’s ongoing commitment to its clients and the local economy. This impressive achievement not only showcases LICI Fiji’s growth and financial stability but also bodes well for the future of the company and its contributions to the Fijian economy.