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Merger plans halted for three public sector general insurers
Hindustan Times Gurugram
|May 09, 2025
The government has deferred plans to merge or privatize three public sector general insurance companies to FY27 after they posted profits, people familiar with the matter said, giving them time to notch up sustained profitability.
NEW DELHI:
The three companies—United India Insurance Co. Ltd, Oriental Insurance Co. Ltd and National Insurance Co. Ltd—are the weaker of the four state-owned general insurers. But they posted profits in the first nine months of FY25, a turnaround after years of losses. United India reported profits of ₹27.45 crore, Oriental Insurance ₹368.37 crore and National Insurance ₹29.46 crore in the period. The fourth company, New India Assurance, is the stronger of the quartet.
Diese Geschichte stammt aus der May 09, 2025-Ausgabe von Hindustan Times Gurugram.
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