LIC remains open to strategic investments in standalone health insurance companies, says MD & CEO Doraiswamy
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓LIC remains open to buying a strategic stake in a standalone health insurance company if it finds long-term value.
- ✓MD and CEO R Doraiswamy said, "We were looking at the possibility of taking a strategic stake, not a strategic buy." The firm currently stays cautious due to rising medical inflation.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Life Insurance Corporation of India (LIC) remains open to acquiring a strategic stake in a standalone health insurance company if it identifies an opportunity offering long-term value, managing director and CEO R Doraiswamy said. Doraiswamy, during an exclusive interaction with Moneycontrol, said LIC's earlier exploration of opportunities in the health insurance space was driven partly by expectations that proposed changes to India's insurance laws would introduce composite licensing, allowing life insurers to enter general insurance and health insurance businesses. LIC had also wanted to gain an understanding of how the standalone health insurance business operated and prepare for a possible opening up of the market under such a framework.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.