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LIC to Announce Acquisition of Stake in a Health Insurance Company by March End: MD & CEO
The Statesman Siliguri
|March 19, 2025
Life Insurance Corporation of India (LIC) is likely to announce the acquisition of a stake in a standalone health insurance company by the end of the current financial year, Siddhartha Mohanty, Managing Director and Chief Executive Officer of LIC said.
While speaking on the sidelines of the Global Conference of Actuaries in Mumbai, the LIC chief said, "We have plans for the acquisition and the discussions are at the final stage. It is a natural choice for LIC to enter health insurance."
"Since regulatory approvals take time, I am hopeful that a decision will be taken within this financial year, before 31 March," he added.
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