Life Insurance Corporation of India (LIC) is expected to complete the stake buy in a health insurance company by the end of current financial year, Chairperson Siddhartha Mohanty said on November 8.
LIC, which has dependence on individual agents, has steadily lost its market share in the last 5-10 years to private players ... enabling customers to complete the entire insurance processes ...
In the first half of fiscal 2024-25 (April-September), LIC’s first year premium surged 24.73 per cent to ₹ 1,15,549 crore (₹92,642 crore), data from Life Insurance Council showed.
Life Insurance Corporation of India (LIC) plans to finalize a stake purchase in a standalone health insurer this fiscal year.
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