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LIC Health Insurance: India's largest public sector insurer Life Insurance Corporation of India (LIC) may soon enter the health insurance space. LIC chairman Siddharth Mohanty said in a statement on Tuesday that his company could enter the health insurance sector. He said that if such an opportunity comes, the acquisition option can also be explored. Also, it is expected that the Insurance Act may also be amended for obtaining health insurance license. As per the Insurance Act 1938 and Insurance Regulatory Development Authority of India (IRDAI) regulations, an insurer is not allowed to take joint license to carry life, general or health insurance under one company. According to media reports, LIC chairman Siddharth Mohanty, while presenting the financial figures for the financial year 2023-24, said that LIC does not specialize in general insurance such as fire and engineering, but it can do health insurance. . There is He said that the work for this is ongoing locally. We can explore the acquisition option for health insurance. Media reports say Amtron Electronics' IPO will open on May 30 to amend the Insurance Act, and in February 2024, a parliamentary committee recommended introducing a joint license for insurers to bring life, general or health insurance under one company to increase the range of insurance in the country. A committee headed by BJP leader Jayant Sinha had recommended the government to introduce a comprehensive licensing system for insurance companies and amend the law soon. Attention Link PAN-Aadhaar soon otherwise TDS will be deducted twice LIC's new health insurance plan will be launched soon, Prabhat Khabar company is gearing up.