Life insurance giants like LIC, HDFC Life, ICICI Life, and SBI Life are set to boost infrastructure investment via InvITs and REITs, following IRDAI's approval.
LIC Housing Finance plans to expand its senior citizen homes business across India, aiming for a public listing within five years. The company has completed projects in Bangalore and Bhubaneswar, and is now eyeing Jaipur, Haridwar, and Goa.