Siddarth Mohanty, MD& CEO, LIC, said the work has already started for finding a suitable buy in the health insurance space and the corporation is waiting for the change of regulations by the government to facilitate composite licenses in the Indian insurance industry
Mumbai: In a bid to venture into health insurance, State owned Life Insurance Corporation is planning to pick a majority stake in one of the stand alone health insurance companies, said Siddarth Mohanty, MD&CEO, LIC, who had earlier indicated that the corporation is keen on an “inorganic growth” for undertaking health insurance business.
Mohanty said the work has already started for finding a suitable buy in the health insurance space and the corporation is waiting for the change of regulations by the government to facilitate composite licenses in the Indian insurance industry.
“Internal work is going on,” he told media on Thursday insurance.’
On the government’s plans to further disinvest in LIC, Mohanty said, till now the government hasn’t informed anything to the corporation on the issue.
“The Government will take a appropriate call at opportunity time,” he said.
Mohanty further said the corporation has no plans to sell any of its vast real estate assets and wants to maximise its returns from such assets by adopting an efficient system
.