News From Press An LIC-like general insurer will improve valuations, but could lead to job cuts

An LIC-like general insurer will improve valuations, but could lead to job cuts

Source: Moneycontrol Jun 15, 2019

The government is looking to initiate a mega merger of all state-owned general insurers with the aim to create one large public sector general insurance company that will be comparable to Life Insurance Corporation of India (LIC). An Economic Times report said this could complement the existing proposal to merger three state-run non-life entities into one single company.

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