News From Press FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers

FinMin to take a call on Rs 3,000 crore fund infusion based on performance of PSU general insurers

Source: PTI/ET May 11, 2023

Finance Ministry will take a call on Rs 3,000 crore capital infusion this fiscal based on financial performance of three loss-making public sector general insurance companies. According to sources, the finance ministry last year had asked these three insurers -- National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company -- to chase bottomline rather than topline and underwrite only good proposals.

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