Logo


Merger of three PSU general insurers likely before next fiscal-end

Chiefs of the three firms will have first meeting on this issue with govt on Feb 16

Merger of three PSU general insurers likely before next fiscal-end

The merger of the three public sector general insurance companies -- National Insurance Company (NIC), United India Insurance and Oriental Insurance Company -- is likely to be completed before the end of the next financial year. The chiefs of the three companies will have their first meeting with the government on this issue on the 16th of this month. "There is a departmental meeting on February 16th to discuss Budget pronouncements," M N Sarma, CMD, United India Insurance, said on the sidelines of an insurance summit by Assocham here today. "The merger is ...