Key Points
The development comes days after LIC Chairman Siddhartha Mohanty talked about exploring inorganic options for the companys new initiative..
On Friday, LIC shares closed at Rs 1,067 apiece. ..
However, the Life Insurance Corporation of India evaluates and explores various strategic opportunities in the ordinary course and also inorganic options for growth and expansion of its business, including strategic partnerships and investment opportunities," LIC said in a regulatory filing...
Earlier, a report in Mint said that LIC is looking to acquire one of Indias five private health insurers in a bid to enter the health insurance sector in India...
LIC holds a dominant position in the Indian life insurance sector, commanding a significant market share of 58.87% in first-year premium income as of March 2024..
