LIC Health Insurance Stake Decision Expected by March 31

The Life Insurance Corporation of India (LIC) is in advanced discussions to acquire a minority stake in a health insurance company, with a decision anticipated by March 31, 2025. CEO Siddhartha Mohanty has confirmed that discussions are at a final stage, although no specific details about the potential company or stake have been disclosed. This move is part of LIC's strategy to diversify its offerings and enter the competitive health insurance market, which has seen increased activity from private insurers. LIC currently provides life insurance, pension plans, and investment-linked insurance, but not health insurance. Separately, LIC is also exploring the issuance of longer-term bonds, such as 50-year or 100-year bonds, in discussions with the Reserve Bank of India. These initiatives reflect LIC's broader goals of expanding its market presence and financial instruments.