Life Insurance Corporation of India (LICI) Fiji has achieved a remarkable milestone by surpassing the $100 million mark in overall investments, a first for the company. In 2025 alone, LICI Fiji has recorded a historic investment totaling $130 million, the highest amount reported in its history.
During a press briefing in Suva, LICI Fiji’s Finance and Investment Manager Vivek Prakash announced that over $70 million of this figure represents new investments, with the remainder accounted for as redemptions from prior investments. He emphasized the significance of this achievement, stating, “This is one of the highest investments we have done over the period of years, $130 million. We have never crossed 100 million in any years.”
Prakash attributed this impressive performance to the company’s operational efficiency and cost-effectiveness. He expressed optimism about the company’s growth trajectory, noting that they expect to close the financial year with about a 20 percent increase in new business.
Of the $130 million invested this year, an impressive $126 million has been directed towards Fiji infrastructure bonds (FIBs), showcasing LICI’s commitment as a partner in Fijian economic development. The remaining $4 million has been allocated to Fiji Development Bank (FDB) bonds. “This is the largest investment the company has ever made in a single year,” Prakash remarked, setting ambitious goals for the future.
Additionally, Prakash highlighted that 95 percent of the surplus generated by the company is returned to policyholders, while 5 percent is allocated to shareholders. In 2024, LICI had announced a bonus of $26 million, reflecting its consistent history of bonus declarations—an indicator of its strong financial performance, prudent investment strategies, and effective management. Currently, LICI Fiji serves approximately 61,000 policyholders who actively pay premiums.
This milestone not only reflects LICI Fiji’s robust growth but also represents a hopeful future for both the company and its partners in the ongoing development of Fiji’s economy.
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