Business Standard

LIC may look at entering health, non-life insurance businesses: Source

Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental Insurance was carved out

Photo: Bloomberg

Photo: Bloomberg

Subrata Panda Mumbai
The Life Insurance Corporation of India (LIC) has the wherewithal to acquire a composite license, a top source aware of the development told Business Standard, adding that the insurance behemoth may look into entering the health and general insurance segments.

“LIC has the scale, capacity, IT infrastructure, and the distribution reach to take advantage of the composite license. LIC is looking at organic as well as inorganic growth opportunities. And it should be ready to take advantage of any business opportunity coming its way,” the source said.

“We will take it to the board at the appropriate time and seek

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 28 2022 | 7:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to