LIC to finalise stake buy in health insurance firm in FY25: CEO Mohanty

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LIC to finalise stake buy in health insurance firm in FY25: CEO Mohanty - Business Standard

Quick Summary:

Life Insurance Corporation MD and CEO Siddhartha Mohanty on Friday said the state-owned company will take a call on buying a stake in a standalone health insurer in the current financial year.

"The ground work is going on...search for suitable health insurance company is going on...we will finalise stake within this financial year," he said during post result media conference.

Asked about the quantum of stake LIC will have in health insurance company, he said it would depend on various factors, including valuation.