Source: The Hindu Govt. of India would be for the first time i | ECONOMY by VIVEK SINGH

Source: The Hindu
Govt. of India would be for the first time issuing G-Secs with 50 year maturity. Till now maximum maturity period was 40 years. There is a demand of such bonds (50 year maturity) from Insurance firms, provident funds which park their long term funds in such bonds for their asset liability management. For example, an insurance firm receiving insurance premiums today may be required to align proceeds from invested assets (long term G-Secs) with the future policy claims they are contractually obligated to pay.