Life Insurance Corporation of India (LIC) is in the final stages of discussions to acquire a stake in a standalone health insurance company, with a decision expected before March 31, 2025. LIC's CEO, Siddhartha Mohanty, stated that the corporation aims to finalize its entry into the health insurance sector by the end of March but will not hold a majority stake in the acquired company. This move is part of LIC's strategy to broaden its footprint in the health insurance market. The company has issued clarifications regarding its plans, confirming that it is actively negotiating the acquisition. Reports indicate that LIC's stock has seen a 3% gain amid these developments.