Psu General Insurers

"The losses of the health insurance business of PSU insurers either wiped out/ decreased the profits of other lines of business or increased the overall losses," an audit report by CAG tabled in Parliament recently said.

PSU general insurers report Rs 26,364 crore loss between FY17 and FY21

The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of business, as per the audit report on third-party administrators (TPAs) in the health insurance business

Government may infuse Rs 3,000-5,000 crore additional capital in three PSU general insurers

The capital infusion would help improve the financial health of the general insurance firms — National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.

PSU general insurers employees go on strike to protest proposed privatisation

The Joint Front of Trade Unions in PSGI companies met on Monday and decided to protest against the decision of the government to privatise PSGI companies.

Merger of 3 PSU general insurers to be complete by FY'20

The merger of National Insurance Company, United India Insurance Company and Oriental India Insurance Company was first announced in the Budget 2018-19 and the government intended to complete the process in current fiscal itself.