Govt to infuse Rs 3,000 crore capital in PSU general insurers this quarter
The proposal to provide capital support to three public sector general insurance companies - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL) - has already been approved by the Union Cabinet last year
BusinessToday.In | February 14, 2021 | Updated 17:08 IST
Govt to infuse fund in Oriental Insurance, National Insurance and United India Insurance
In a bid to improve financial health of state-owned general insurance companies, the Finance Ministry will infuse Rs 3,000 crore capital into them during the current quarter. The proposal to provide capital support to three public sector general insurance companies - Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL) - has already been approved by the Union Cabinet last year.