LIC Buying a 49% Stake in ManipalCigna – What’s in It for Investors?
Summary Points: LIC is set to acquire a 49% stake in ManipalCigna Health Insurance, aiming to enter the fast-growing health insurance market. This move could disrupt the industry, potentially lowering premiums but squeezing margins for competitors like Star Health and Niva Bupa. For investors, it diversifies LIC’s revenue, leveraging its vast agent network, which could…