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LIC to soon decide on health insurer stake purchase
Mint Mumbai
|May 28, 2025
The country's largest insurance company posted a net profit of ₹19,013 crore in Q4, a rise of 38% on-year
Life Insurance Corporation of India's board will decide on the proposed stake purchase in a health insurer in the next two to three months. "The discussion is almost at a final stage. We will go to our board, and the board will take a call very soon. I think within 2-3 months, some decision will be taken by the board," managing director and chief executive officer Siddhartha Mohanty said in the earnings call for the fourth quarter of FY25.
The insurer had earlier said it would foray into health insurance by acquiring stake in an existing health insurance company in FY25. Asked about the delay, Mohanty said there was no issue and the insurer had already conducted due diligence and should be able to take the proposal to the board soon.
This story is from the May 28, 2025 edition of Mint Mumbai.
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