Lic says that health insurance has been delayed about the likely change of policy; open to 'all options'

Mumbai: Life Insurance Corporation of India’s (LIC) trip to health insurance is delayed due to the likely regulatory and policy changes in the wider sector and due to the poor growth environment in the segment, its newly appointed managing director R. Doraiswamy said on Thursday. As such, the country’s largest insurer remains interested in the health insurance segment and has kept “all options” open, including waiting for the launch of the composite license terms, Doraiswamy said. The public sector could possibly take up a strategic interest in a health insurer until the time is given compound licenses, he added. Read also | £ 10.957 Crore “> Lic Q1 Results: Profit rises 4% yoy to £ 10.957 Crore“ We are investigating the various options we have available. We are also awaiting the changes to the regulations as well as the statutes, which I think are currently being delayed. We would like to look at all the options and then take them forward, “Doraiswamy said in the Q1FY26 earnings conference of the insurer. (Irdai) has proposed a compound license that will enable insurers to sell all life, general and health insurance policies. Read also | BPCL, Mazagon Dock to Yes Bank – who bought and sold the most in the first quarter of FY26 Doraiswamy, took the managing director and CEO of LIC on July 14. Lic did not expand the right business. Mohanty, said it would acquire a strategic stake in a health insurance company in FY25, an option that is still open. We have looked at a strategic interest in a health insurance company that has allowed us as an investor a lot … The only question is the Irdai regulations, “Doraiswamy said, adding that it would get the regulator’s nod to acquire an interest as allowed under the insurance regulations. Health insurance market itself also undergoes a lot of changes at a difficult time. not to be done by the Department of Investments.