News From Press FinMin asks state-owned general insurers to focus on profitable businesses

FinMin asks state-owned general insurers to focus on profitable businesses

Source: Business Standard Aug 5, 2024

The finance ministry has asked state-owned general insurance companies to focus on profitable businesses and not to chase top-line but aim for improving profitability. The government has recently infused Rs 7,250 crore in installments in three public sector general insurance companies -- National Insurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company.

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