LIC eyes less than 50% stake in standalone health insurance company
Aathira Varier | October 5, 2024 4:18 AM CST
State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. 'LIC doesn't need a composite licence. 'Even if it is introduced, they will not opt for it.
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