Government may consider privatization of United India or Oriental Insurance: report

United India Insurance Company

United India Insurance Company

The government can infuse Rs 3,000 crore into government general insurance companies during the current quarter.

  • News18No
  • Last Updated:February 21, 2021 at 4:32 PM IS

New Delhi. The government may consider privatization of Oriental Insurance or United India Insurance Co as their financial condition has improved after a series of capital infusions. Sources have given information about this.

To further strengthen their financial position, the government can infuse Rs 3,000 crore during the current quarter.

12,450 crore was announced for general insurance companies
Last year, the cabinet and CCEA meeting chaired by Prime Minister Narendra Modi decided to infuse capital in three major government general insurance companies of the country. The Cabinet had approved infusion of Rs 12,450 crore in the public sector Oriental Insurance Company Limited, National Insurance Company Limited and United India Insurance Company Limited.(This news has just arrived and you are reading it on News18Hindi for the first time. As soon as information is being received, we are updating it. For a better experience, keep refreshing this news so that all the updates will be given to you. See you immediately. Stay with us and get every correct news, first of all only on …)

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