4/10/2024, 9:05:04 am

LIC eyeing strategic stake in Standalone Health Insurance Company

Life Insurance Corp. of India (LIC) is exploring acquisition of a minority stake in a standalone health insurance company (SAHI), sources familiar with the matter told ET. LIC, India's largest insurer, is looking to acquire less than 50% ownership, which will ensure that the behemoth will have influence over key management decisions, but without majority equity control.