Madara uses Izanagi to survive Konan's billions of exploding tags. Then he appears from behind and stabs her with a pipe. When the rain of Amegakure suddenly stops, Madara places her under a genjutsu to force her to reveal Nagato's body location.
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Tobi/Madara killed her with a metal pipe.
No, Konan did not die in the Naruto anime and manga. She left the Akatsuki after the death of Nagato and later became the leader of Amegakure. Different Person: Konan is dead. She was impaled by Madara Uchiha (Tobi)
After Konan died Madara (Tobi) found Nagato's body and he transplanted Nagato's rinnegan into his left eye.
By using information from the manga in the Confining the Jinjurkey Arc Konan battles Madara Uchiha after Kisame Hoshigaki dies which is currently taking place in in Naruto Shippuden 250 so this is only a Estimation Konan will battle Madara Uchiha in episode 251-252
No, she doesn't die as far as the series goes. however, she gets killed my madara (the akatsuki's mastermind) in manga