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LIC Plans Health Insurance Foray After Historic Dividend Payout, Explores Acquisitions

The total premium income for the year ended March 2024 was Rs 4,75,070 crore as compared to Rs 4,74,005 crore in the year ended March 2023.

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May enter into health insurance; can explore inorganic options: LIC Chairman

May enter into health insurance; can explore inorganic options: LIC Chairman
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LIC may enter health insurance segment

The action takes place in the midst of a plan to permit composite insurance providers on the market.

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May enter into health insurance; can explore inorganic options: LIC Chairman Siddhartha Mohanty

There are expectations that composite licences may be permitted by amending the Insurance Act. As per the Insurance Act, 1938, and the regulations of the Insurance Regulatory Development Authority of India (IRDAI), composite licensing for an insurer to undertake life, general, or health insurance under one entity is not allowed.

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LIC May Enter Into Health Insurance; Can Explore Inorganic Options, Says Chairman

In February, a parliamentary panel suggested a composite license for an insurer to undertake life, general, or health insurance under one entity to increase the

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