After a meeting of Sebi's internal committee in December 2019, New India Assurance paid settlement amount of Rs 62.68 lakh to settle the case through settlement procedure.
The company posted a 19 percent Year on Year growth in premium income to Rs 26,500 crore in the last financial year.
The government today approved proposals for listing of five PSU general insurance companies as was announced in the Budget 2016-17.
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