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Centre to infuse Rs 5,000 crore in state-run general insurers: Report

On October 14, the finance ministry notified the wage revision plan for officers and employees of state-run insurers which is expected to cost Rs 8,000 crore to these companies

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2 min read Last Updated : Oct 18 2022 | 9:04 AM IST

The central government will reportedly infuse Rs 5,000 crore as equity support into state-run general insurers. This comes days after the centre approved the wage revision plan for employees of general insurers. According to a report in Economic Times (ET), the wage revision is likely to cost Rs 8,000 crore to the companies.

"A fresh assessment may be done by the end of the December quarter and, accordingly, a capital allocation may be made," an official aware of the matter told ET.

This is over and above the support of Rs 5,000 crore already given to general insurers. National Insurance has

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