Life Insurance Corporation of India (LIC) plans to enter the health insurance market through acquisition of a private health insurer.
Life Insurance Corporation of India (LIC) plans to enter the health insurance market via acquisition of a private standalone health insurer, as reported by LIC executives. This move follows the company's Chairman Siddhartha Mohanty's comments on exploring "inorganic" options for new initiatives in health insurance. For LIC to enter the health insurance sector, the existing insurance legislation would likely need amendment.
June 14, 2024
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