Compared to FY 16 which recorded Rs. 9500 crore profit, LIC has booked a profit of Rs. 16,000 crore in the nine months of FY17. LIC has invested Rs. 1.98 lakh crore in debt instruments, wherein Rs. 1.83 lakh crore went into government securities and state development loans. LIC also has recorded 40.1 percent growth in new business premiums for nine months ended December over same period in the last financial year.