LIC to unveil health foray deal by Mar 31: CEO

Life Insurance Corporation of India is likely to announce its decision to buy a stake in a health insurance entity by March 31, chief executive officer Siddhartha Mohanty said here today.

"Health insurance, definitely, we have a proposal. Discussion is going on at the final stage. That is the natural choice for LIC to be in health insurance," he said while speaking on the sidelines of the Global Conference of Actuaries.

Mohanty declined to share details but added that it will not be a majority stake.


Separately, Mohanty also said that LIC is in discussions with the Reserve Bank of India for issuance of government bonds maturing in 50 and 100 years. "Normally they give a 20-30 year bond; 40-year bond also they have given. I am also expecting 50-year, even 100-year bonds. Our people are discussing this from time to time with the RBI, and they are also considering this."