A large single non-life PSU is needed for market health: United India CMD

In an email interview, Girish Radhakrishnan says such an entity would have the muscle to control market behaviour and curb the "adventurous" marketing practices of private firms

Following the 2018-19 Union Budget announcement to merge National Insurance Company, Oriental Insurance Company and United India Insurance Company, several new merger equations have been doing the rounds. Among others is the proposal is to merge all the three firms with New India Assurance. Girish Radhakrishnan, CMD of United India Insurance, in an email interview, tells Namrata Acharya that a single company would have the muscle to regulate market behaviour and curb the “adventurous” marketing practices of private firms. Edited Excerpts:

1. What is your vision about United India Insurance, particularly in view of the impending merger?

United India is