News From Press Finmin sets merger of three insurance companies rolling

Finmin sets merger of three insurance companies rolling

Source: DNA May 23, 2018

The government has started the process to merge three state-run general insurance companies to create a single, big player with a sizeable presence in health, automobile and industrial insurance sector. The combined entity will become the largest player having 35% share in the non-life insurance market.

Union minister Arun Jaitley had announced in the budget the proposal to merge National Insurance Company, United India Insurance and Oriental Insurance Company.

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