08
Aug
Life Insurance Corporation of India’s (LIC) entry into the health insurance sector has been delayed due to expected regulatory and policy changes, as well as slow growth in the segment, according to its newly appointed Managing Director, R. Doraiswamy. Despite the delay, LIC remains interested in health insurance and is keeping “all options” open, including the potential introduction of composite licences. Doraiswamy noted that the industry is in a phase of transition, with further reforms anticipated—such as the Insurance Amendment Bill currently pending in Parliament. LIC is open to acquiring a composite licence, which would allow it to offer life,…
