LIC Investment Plans: LIC, which has been trusted by crores of people of the country for decades, is now preparing to take a big step. After making a strong hold in life insurance and investment plans, it is now planning to bring health insurance for the people of the country.
This news can be a relief for millions of people who are looking for a reliable health insurance to protect their family. The name of LIC itself is a symbol of trust and when it steps into health insurance, people will accept it with open heart.
LIC may soon enter the health insurance sector
The insurance sector in India has become very competitive in recent years. Especially private companies are rapidly bringing new health insurance plans to attract more and more customers. Meanwhile, Life Insurance Corporation of India (LIC) CEO Siddharth Mohanty has said that LIC may soon buy stake in a health insurance company. He expressed hope that a concrete decision can be taken in this regard before March 31.
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CO ISSUES CLARIFICATION, SAYS IS IN ADVANCED TALKS WITH A STANDALONE HEALTH INSURANCE COMPANY TO ACQUIRE SUBSTANTIAL STAKE, TO BROADEN CORPORATION’S FOOTPRINT IN THE HEALTH INSURANCE MARKET || CO SAYS NO BINDING AGREEMENT ENTERED INTO BY LIC— Pardeep Kumar (@pardeep5889) March 18, 2025
LIC will not buy majority stake
However, the CEO of LIC clarified that the company is not planning to buy the entire 51% stake in any health insurance company. He did not give much information about this deal, but definitely said that LIC is considering different options. Currently, LIC only offers life insurance, pension plans and investment-related insurance plans. So far the company has not stepped into health insurance, but it is likely to enter the sector soon.
LIC will get tough competition
If LIC enters the field of health insurance, it will face tough competition from big companies like Star Health, Aditya Birla Health, Niva Bupa and Care Health. But given the strong identity and trustworthy image of LIC, people can be very excited about its new insurance plan. Because it is a government company, people have more trust in it, which can make it easier for LIC to succeed in this market.
LIC will also do health insurance, CEO said, will give big news within two weeks
