Mumbai, May 27 -- Life Insurance Corporation of India's board will decide on the proposed stake purchase in a health insurer in the next two to three months.

"The discussion is almost at a final stage. We will go to our board, and the board will take a call very soon. I think within 2-3 months, some decision will be taken by the board," managing director and chief executive officer Siddhartha Mohanty said in the insurer's earnings call for the fourth quarter of FY25.

The insurer had previously guided that it would foray into health insurance by acquiring stake in an existing health insurance company in FY25. Asked about the delay in the stake purchase, Mohanty said there was no issue and the insurer had already conducted due diligence a...