LIC Share Price Highlights: LIC shares up nearly 3% on plans to enter health insurance business
The Hindu Business Line | March 20, 2025 10:32 AM CST
LIC Stocks Today, Life Insurance of Corporation Share Price News & Updates: State-owned Life Insurance Corporation of India (LIC) is in advanced talks with a “standalone health insurance company to acquire a substantial stake” as part of its proposed foray into health insurance. “I am very much hopeful that within this financial year (before March 31, 2025) a decision will be taken....,” Mohanty said on the sidelines of the Global Conference of Actuaries organised by the Institute of Actuaries of India. LIC’s shareholding in the standalone health insurer will be less than 51 per cent, said Siddhartha Mohanty, Chief Executive Officer and Managing Director, LIC.
The stock rose to end nearly 3 per cent higher.
It said in a stock exchange disclosure on Tuesday that LIC “is in advanced talks with a standalone health insurance company to acquire substantial stake, to broaden Corporation’s footprint in the health insurance market.”
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