LIC looks to acquire health insurance companies

Quick Summary:

LIC announced its intention to enter the health insurance market through an acquisition within the current financial year, as stated by MD & CEO Siddhartha Mohanty.

The company reported a 9.6% increase in net profit for the June quarter, with a rise in market share and premium income.

Agents are expected to switch to selling LIC health insurance products.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaMali

Topics: LIC health insurance acquisition Insurance companies Solvency ratio Market share Value of new business Health insurance business Assets under management Agents Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 07:36:51 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 654 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21994287

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 20 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions