LIC likely to declare acquisition in health insurance firm by Mar 31: CEO

Life Insurance Corporation of India is likely to announce the acquisition of a stake in a health insurance company by the end of March, said CEO Siddhartha Mohanty. "I'm...hopeful that within this financial year, before March 31, some decision can be taken," he said. "Discussions are at the final stage. It's...natural choice for LIC to enter health insurance," he added.