Life Insurance Corporation of India (LIC) is in advanced talks to acquire 50% stake in ManipalCigna Health Insurance, Economic Times reported. ManipalCigna is a joint venture between Bengaluru-based Manipal Education & Medical Group and US-based Cigna Corporation. The deal, which would reportedly value ManipalCigna at ₹4,000 crore, would see existing shareholders lower their stake for LIC's entry.