PSU general insurers continue to lose market share, merger plan stuck

All, barring New India, have been losing market share for a while. However, United India has gained marginally this January

Public sector general insurance companies continue to lose market share to their private peers. As of January, the collective market share of the four PSU general insurance companies stood at 38.2 per cent, against 40.23 per cent in January 2019, according to the data released by the Insurance Regulatory and Development Authority of India (Irdai).
 
National Insurance, Oriental Insurance, United India Insurance and New India Assurance are the four PSU insurers, and barring New India Assurance, the others have been losing market share for some time now. However, compared to December 2019, United India Insurance has marginally gained market