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New India Assurance Co to invest Rs 5 cr in Bima Sugam

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Last Updated : Dec 11 2024 | 7:04 PM IST
The New India Assurance Co at its meeting held today i.e Wednesday, 11 December, 2024 has approved investment of Rs.5 crore being Company's contribution as non-life Insurer in the equity share capital of Bima Sugam India Federation.

The Board has also approved an aggregate investment (including the above) not exceeding 10% of the paid up equity share capital of Bima Sugam India Federation subject to commensurate increase in the authorized share capital of Bima Sugam India Federation (Bima Sugam).

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First Published: Dec 11 2024 | 6:42 PM IST

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